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Shoal Point Energy Ltd C.SHP

Alternate Symbol(s):  SHPNF

Energy Oil & Gas E&P
Shoal Point Energy Ltd. is a Canada-based oil and natural gas exploration and development company. The Company is engaged in the acquisition, exploration and development of oil and natural gas properties. The Company’s projects include Humber Arm Allochthon. It has the rights to the exploration lands covering approximately 220,000 acres in the near offshore of the west coast of Newfoundland. The Company holds exploration license 1070 (EL 1070) off the west coast of Newfoundland which totals approximately 150,000 acres. The EL 1070 in Newfoundland is considered to be an exploration and evaluation asset, as it is still in the exploration stage. The Company’s Pratt County project is considered a developed oil and natural gas property. The Company’s subsidiary is Shoal Point U.S.A. Inc.


CSE:SHP - Post by User

Shoal Point Energy Ltd
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Post by Hearne50on Mar 19, 2020 10:22am
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Post# 30825955

Black Gold

Black Gold
WTIU Should be Up 6-7%
 
 
 
Morning,
 
 
 
With oil up 2.2%, WTIU should be up 6.6%, instead it is down 17%!!!! These 3X levered ETF's are derivatives, and clearly their structures have somewhat blown up and are taking on water.
 
However, I think it should normalize during the day and added another small tranche at .30. This is high risk stuff normally, when they aren't working how they're supposed to, it's incredibly risky! But I'm holding a bit longer to see if they can normalize the tracking even to a flat degree. If they do, WTIU should be .38 now, which is a 25% move. If they can't, well then we might lose money even if right on the immediate term oil price bottom call.
 
More soon...
 
Eric

 

 
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