RE:RE:Here's the deal...orlandofl wrote:
mckayk3 wrote: Everyone keeps losing their minds over the share price... but here's the deal...
- EVs are a failure waiting to happen. Until then we're not going to attract and whale pension funds.
- We know 80% of the market is operated on algos. The technicals are upside down with debt levels. Algos won't pick it up until we get some momentum.
- Fundamental supply/demand needs a China/USA trade deal. War could also break out in Iran and possibly spike oil prices from lack of iranian supply (or missle attacks at Saudi supply). The war machine consumes huge amounts of oil too...
we could still be in a bear market for as much as a few years more - hope not
and when economy slows we get whacked
oil goes up a bit - say mid 60s - not a lot of impact on share prices
can we see 70's for wti - doesn't look like it right now
what is the impact of electric cars?
I'm still in on oil stocks, but not overly optimistic right now - not looking to sell here either
could be a good time to take losses and buy another oil stock and after 31 days buy back into this - if things turn and start going up they'll all go up - I have some whitecap as well and at least get a dividend