RE:Well, oil is up (substantially)...Fine words people are missing BIG opportunity in 6 months these prices could buy stock will be seen as huge missed opportunity
blackdog wrote: ... and Bonterra’s stock price pays no attention; things really are back to normal!
But maybe not entirely normal, given the speculation and edgy one-line commenting that runs rampant in certain quarters here; and across all the boards that I have check on lately.
As others have mooted, the stock price is not being supported; but then few Canadian energy stocks are. The sector remains in perdue; even with all the positives that are evolving. This week I suspect that the unknowns of Ms Freeland’s budget weigh heavily on investor sentiment.
At least I hope that is all it is.
Alternatively someone knows just how bad that will be; and the sell-off across the sector is evidence of this. Given the track record of Butts and company, and the fortunes they has made on the side, this is not, unfortunately, out of question.
And, in parallel to this, there is also continuing evidence of otherwise inexplicable short selling that can only be the calculated efforts of foreign interests who have made clear that they will exercise their not-inconsiderable financial muscle to suppress our sector and deny it capital. On the OTC market, which will show the daily short trade, what little volume trades is almost all shorting; but no general stampede. Canadians only get to see what is going on in our market every two weeks; tomorrow's short report will be interesting.
Speaking of market manipulation and rabid posting, I have to wonder at the surge in doom-and-gloom posts, all with similar syntax and messages, that suddenly dominate discussions when this happens.
As for Bonterra’s prospects, they are better than the market is giving the shares value for; as others have outlined. Not going to go anywhere fast; changing up the metrics is going to take a couple of quarters, but by the end of the year there will be articles looking back at the buying opportunities that were missed