RE:RE:RE:RE:RE:Out at $2.60 but I'll be backAccumulated 1727 shares @ 4.52 in an open account and 8186 shares @ 3.78 in TFSA.
I will hold now and let the DRIP and NCIB do the rest of the work for me. I'm in the red but who isnt with Canadian Oil and Gas. im in my 30s i can wait this BS out. CJ is a unique opportunity in this space... that is for sure.
kavern23 wrote: I bought back some of my trading position on Tuesday at 2.70 and then yesterday did an average down at 2.60.
Hard to keep restraint and discipline right now...I passed on shares at 2.55 today as I need capital ready in case I have to blast at 2.50. But f*ck was a tempted to buy at 2.55 today.
The volume is low right now that when institutions sell even 30,000 shares they can drop the price by 5 cents or more.
Very illiquid market right now but still much better then the trading in August.
Lots to look forward too for CJ. As long as WTI can hold above 54 ish.
The share buyback should start again hard in early October.
Possible CJ did abit of buyback again today as 200 share buys from RBC are usually the CJ buyback and I saw that again today.
I looked at August production numbers on some of CJ wells.
Really f*Ckin sold...wells from 2018 drill program are holding very nicely and the one huge 2019 well is did 500 BO in August.
The reality is CJ's Q3...should have been cashflow then Q1 but slight slightly below Q2.
So between 30 and 34M CF for Q3 I think is reasonable. Most likely 32M.
Whats not too like...other then alot of choppiness lol.
GL all.