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

Bullboard Posts

Post by Hearne50on Mar 19, 2020 12:27pm

37 Views

Post# 30826685

Black Gold - 2nd update

Oil Record Jump

Hi,

WELL, I got the idea right by adding WTIU yesterday at the oil lows. It is a 3X bullish ETF tied to the price of oil (or supposed to be!). Oil is on pace for a record rebound day over 20%. WTIU should be up 60% today!!!!!! But instead, it is DOWN 20%!

Incredible. Sorry guys/gals, nothing I can do with something like this occurring! I'm not selling it but not adding to it. There may be serious structural problems on their books, obviously. I trust GUSH to move more appropriately that WTIU, but even it is not up as much as it should be today.

Let's see if these POS' normalize a bit then we'll be in great shape quickly! Luckily, I had stressed the risk in these and not to put much money to work in these crazy vehicles. More to come soon. I think WTIU will normalize somewhat today and in the coming days, we're seeing this with 3X ETF's in many areas that have had grenades going off in their sectors.

Conservatives can add Haliburton (HAL) slowly.

Eric