RE:RE:Says it All! We are headed north! shooter1939 wrote: If this statement is true "25.40% of the stock is currently owned by institutional investors and hedge funds" Where will the buying come from to drive the stock price higher, unless oil prices head much higher than the current low $60 range we seem stuck in.
agreed oil in low $60's will likely not have much impact on oil stock prices as the sector is still suffering from negative investor sentiment - not as much as before, but still many find it unattractive - the one thing we have going for us is incredibly low stock prices - I do think there is a 50 to 100% move potential with limited downside risk if we can get into the $70's for wti and stay there a few months