RE:You should be upset with this stock You "just learned" that black swans don't last ? I'm thinking you're probably not the best individual to be taking investment advice from.
Unlucky13 wrote: I just tell you the facts. You should be upset with management that can't get the stock to go up with $60 oil. Don't be mad at me, be mad at them for hedging at ridiculous prices. Like I keep saying, it will take $80 oil and a few good quarters to move the needle. If oil dips to $55 and it will what do you think will happen?
This isn't a slam dunk at all and it amazes me how many get sucked in. I did too and lost 95 percent of my value and $300000.
I am long but have long given up on this stock and the hope of a comeback. Demand is down, some supply issues but Iran is coming back online soon with a Nuclear Deal and the Saudis will start pumping.
Biden wants a Green New Deal and the US fully electric by 2030.
The US just put a device on Mars. Electric cars are coming.
The catalysts to move the stock are so sleight. At least 6 months in the US and 12 months in Canada before here immunity from vaccinations.
The upside is maybe $1.40 and in line with analyst expectations but longs like me who bought north of $5 are in deep trouble and won't see our money back. May very well lose it all as this is in deep trouble under $60 and what do you know we are red this morning under $60.
I have learned one offs like the Texas debacle don't last. The massive storage draw had no effect, ultimately OPEC dissolve any decrease in Shale.