RE:RE:RE:As I said yesterday, last day under a $1 forever That's fair. And I don't mean to specifically single anyone out as much as make a point about prediction and timing. I am confident in this trade as well. But that means looking a couple years down the road. Short term is a guessing game which makes the timing difficult. If someone bought at $1 and is frustrated, they will still likely do well, but not as well as buying at $0.75 (or $0.18 for the long term holders here).
bosstrade wrote: Sorry, been on holidays back and forth. Yup, thought we would have left a $1 in the rear view mirror long ago and still think a dividend is now a requirement for all oil stocks. And I am still shocked this hasn't been taken out.
I'm a business owner and live by fundamentals. Oil is a speculative, manipulative machine, where fundamentals are not valued as much as most business products because of something happening months or years out or not at all to drive the price.
Oil runs the world and the players need to manipulate. I do beleive fundamentals will always come back into play at some point. The biggest players and governments in play. I speculate but don't have the resources to manipulate. So I speculate when these things will happen and share.
I have done extremely well on oil and suspect I will continue to. So if my predictions don't take place at the time frame I speculate, its not because I've left oil. Just my timing is off. Oil and ATH will do well. China, India, US etc need cheap,oil. But sooner or later the manipulation loses and fundamentals take place. Thats why ATH is a take out target now. If it isn't, then after financing it will climb. Imo