TSX:HSE.PR.B - Post by User
Post by
onec007on Feb 19, 2020 10:32am
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Post# 30708002
After this I'm going to be out of energy
After this I'm going to be out of energyNever in my wildest dreams that I would see HSE trading close to $8 when WTI is still above $50 support line and the overall health of the economy strong. Oil demand might contract in the first quarter due to the cornovirus but is expected to be up year-over-year. Oil is so heavily manipulated while a small company like ENPH is up close to 30% and investors are thinking it's going to takeover crude demand immediately. The market simply ignoring fundamentals and only cares about sentiments. Based on that I simply do not see any catalysts in the oil sector. Beyond stupid to sell at this low as it's trading 45% of book value but seeing these 1% gain in the price of WTI but it's share price remains flat while it dives 3% when WTI falls 1% is absolutely disheartening