RE:RE:RE:bottom?As they say , we had patience for a decade , whats a few more weeks/ months .We are at the crack of dawn for a whole new bull cycle and a few clouds covering the early sun should not make us worry.Especially when our cost of acquistion is pennies on the dollar .
Maxmoe wrote: I rushed my dog to the vet once because I saw him finishing off a couple of kids dirty socks from the laundry basket. X-ray showed no blockage so the vet said, "don't worry, this too shall pass". And it did, many days later. Along with multiple colours of play-doh. And so shall the pull back in ATH, WTI, and all the energy producers. It shall pass. Look beyond a few days and watch the underlying health.
Chris007 wrote: In the short term, who knows...if oil keeps slipping, oil equities will most likely follow.
That being said, fundamentally, basically all Canadian energy stocks are free cash flow positive with oil prices in the 60-70s
LOL. don't own commodity stocks if you can't stomach the volatility. Nothing particularly new about that
kalman007 wrote: Do you think .88 is the bottom or is there room and rationale to sink lower?