RE:RE:Was just seeing the madness at Gamestop ?Chris007 wrote: The gamestop situation south of the border is definitely very interesting.
Looks like a good ol' fashioned large scale pump and dump at work. Will be interesting to see what GME looks like when the dust settles
ManitobaCanuck wrote: Looked at the meteroic rise in gamestop from 2.8$ to 150$ and how the shorters at Citron Capital lost a few billion$ . Reddit driven stocks .
Hopefully we might see something like this in the O&G sector ,once oil prices start going up .
If we see something like that then we are in for a multibagger here .
Once Brent hits 60 and WCS around 45 and stays there we are in for a 40 cent price for sure .
After that its exponential rise .
Anyway if oil does rise ,i dont think we will have those Trump Tweets to pull down OPEC price or free money offered to shale producers to jack up production .
Agree its overvalued , but remember the VW short squeeze ,some shorters overshorted GS and its payback time. Just need a spark to light up O&G , likely that will be countries opening up.Hope we have a better summer for oil this year than 2020