RE:We Are Due For A Spike In Share PriceI agree bonjovi. I grabbed more CJ today as I like buying in this price range.
But I think one of the negative things right now that is allowing these "good buys" is the oil differentials in Canada. Getting kinda sh8tty again.
Light oil is 4.20 and heavy is 12.55. That has increased in last few weeks and that is obviously a negative thing. Canadian producers are losing abi right now and not getting the full juice of plus 61 WTI.
With Canadian lock downs...the demand in canada is probably down for gasoline.
Canadian refineries are refining less hence light oil goes up on differentials.
USA market is totally carrying things right now.
bonjovi501 wrote: I think we are on the verge of another run in oil stocks as summer approaches and oil inventories take a beating. Each day more people are being vaccinated and people want to get out and do some travelling. May and June will be interesting as these oil companies put out 1stQ results that will blow away the market as well. It is almost here folks...........