Earnings
Earnings after markets close today for BTE, TOU tomorrow along with ARX and more. Oil and gas prices holding nicely above $71 & $3.95 plus, so what gives? The analysts keep pumping imaginary prices, FCF for all supposedly on the rise, debt reduction, ect, ect, but the valuations are dropping for all these companies. Weed stocks are losing millions and yet they trade at higher levels then most of these oil companies. Buying opportunities? Stock price projections upgrades by analysts bogus? Don't worry, hold it long term they say? What I have learned in investing in oil & gas stocks is that when they make a run of 10 - 20% sell, they always roll back no matter what. Good earnings are expected for most but stocks dropping ahead of earnings doesn't smell right.