Dancing Duo.........Though the whole sector seems to be doing quite well lately, including today, there have been a couple of stand out perforerms. Both Paramount & Nuvista seem to be seperating themselves from the pack........for some unknown reason, especially noticeable today. Whether there is any substance in the irregular trading or performance in BOTH companies....remains to be seen. Coincidence or not? I got a feeling we should soon find out.
For those that had the patience & held on all this time, well done and i wish you well. As i've stated many times in the past, it was only a matter of time before this finally happened. I personally have be out of the sector "almost" entirely, including Nuvista, for a few weeks now. Hopefully these gains will continue for those of you who decide to keep holding. The next big catalyst will be Opec's meeting 2morrow. With some luck, that meeting will only be a formaility and things will remain "status Quo" which should send WTI prices close to $50. In the short run.....what 2021 & the new year brings.....is anyone's guess.
Good luck to all.......