RE:RE:RE:RE:CEO interviewGood morning ON, and therein lies the reasoning for patience looking forward for most Oil and Gas Company's share value IMO. Even if we perceive it is there or undervalued.
" PDP, the estimated remaining quantities of oil and gas anticipated to be economically producible, as of a given date, by application of development projects to known accumulations under existing economic and operating conditions"
Trading the Oil, & Gas (The Widow Maker) sector remains unique and likely will always be in comparison to many other sectors. I have been a member of Stockhouse since 2006 when I and a friend began trading Oil & Gas beta ETF's primarily from Horizon. Through comment and soliciting opinion on these boards (and weeding out triflers) we have realized a small, now private conversation consortium of trading friends one in particular expert while the rest of us gained valued trading experience, all born from a collection of information both technical and fundamental.
For me there have been some hard lessons in the early days trading those ETF's especially since I lean to the technical side of an actual stock maybe 80% tech vs 20% fundamental. It makes it frustrating to see the underlying value of a company such as BIR not reflected in it's share price, but the economic conditions simply dictate what the market is willing to pay therefore affecting the overall value IMO.
And that's why in offering comment primary from the technical side on this board I have also included a snipit of free links from the fundamental side, NG weather and Weekly NG storage report to date. One should also search out and bookmark, Henry Hub futures quotes, NOAA graphical forecast for CONUS area, the Weekly Petroleum Status Report, the Baker Hughes rig counts, and the Canadian Insider (filings) as a few of the more important for consideration when deciding on a course of investing in either an Oil & Gas company stock or Oil or NG ETF.
As I stated before I too was caught being greedy in denial of BIR's last fall from 5.24 for not considering all these sources of information indicators and jumping back in too early but if you're not learning your not winning in the long run, lol.
All good, let's hope for that push to the high $3's the rest of this month on BIR, setting it up with good support into the shoulder season, cheers.