RE:RE:RE:RE:RE:RE:RE:Great news for Oil and BTE. Rig count change immaterial agaiNot a chance I sell one share below $3 . At $3 and higher I have $150,000.00 of extra buying power not that I am a fan of margin trading . It does however open many short term options and potential which terrifies Canada's big 5 banks . Once they loose control of O&G pricing , their trading desks will be swamped without enough fingers to plug the dyke .
Bay St's biggest mistake has been keeping these prices so depressed , as the retail investor realizes O&G is the real moneymaker and that there are still doubles to be had , they will ride a tsunami of buying which the banks are not prepared for .
I have made out like a bandit on stocks like BIR , BTE , TOU and CR and every time I have taken profits I have put them into more ARX shares . Its all house money and I can hold out until the boobs on Bay St blink . This will be $20 (at least) by December