RE:RE:At $1.50 ... I'll be all the way out and done trading MNO.Dude ... is your Mazda still alive ... lol.
Brah ... Baytex has some huge catalysts coming ... the free cash flow is f'ck'ng nuts at these oil prices and it's going to get much nuttier as oil goes over $100 and starts moving toward $200 a barrel. Q3 numbers going to be absolute killer. Clearwater coming into play will be f'ck'ng huge ... lowest netback in all of North America and they secured most of the prime sections deal making with the First Nations for organic growth. Q4 numbers going to be even more killer. Long term debt going to be paid down massively with free cashflow with 2024 note extinguished this year. Share buy back announcement and reinstating a divvy both going to be sweet as cherry pie ... but I digress as not to upset Rosie. Fair value right now is CAD $12.00 by my estimation so lots of runway and potential to get back to the $20 dolla range as the oil crisis brought on in significant part by the eco woke fools deepens over the next few years. Bring on the f'ck'ng cold weather so more conversion can take place natgas -----> oil ... as the entire energy ecosystem is under massive pressure ... so let's see it exasperated even more with continued insane energy transition policy making beaten down oil for far too long ... the place to be.
As for pshychedelics ... it was a promotion right here on Stockhouse that caught my attention and at the perfect time it seems. DELC ... Delic Corp ... going to be a huge success with the immenent closing of the latest US based wellness centre chain acquisition. Big US promo event coming up in early November which should get the stock turning up again very nicely. Solid players behind the deal and recently cashed up for $7,000,000 with one institution @ $0.28/share. Canadian and US presence. Stock has been on sale but the bottom looks to be in and it's ready to explode to the upside. Keynote speakes at the promo event are the who is who in the space.
I've got a number of other oil names in the bucket but nothing like my Baytex stake and Delic is one of a few startups I'm into ... but Delic is the one that I think rockets up the quickest. Heavy basket there too ... and not a ton of stock out there with the promote about to go into high gear. Watch the trading as of late ... they are setting this up for a big run ... you can 'mell it !!!
We'll see if Delic flies the way I think it will but Baytex fo'sho' got serious legs that are pretty much a given. She got legs and she knows how to use them.
MNO is building on an asset ... they can make this go higher with good results but crazy assz free cash flow being directed back to investors ... that's what I'm talking about over the next few years and oil is going to do that work for me big time 2022 to 2025 ... YEAH BABY !!!
MNO is a great trader right now as the chart guys do work to ladder it up. It's predictable ... quite easy to flip as you know they are working hard to run it. Pfaff2 suggested a test to $1.00 is possible ... and that to me is setting up a trade. Pick a spot ... doesn't have to be $1.00
Clark says the boyz know how the majors value a project like Cabacal ... so you know he is working to drive this higher. I believe Sentient knew how to value a project too ... and they sunk big cash into the Manganese play but we know how that turned out. Was Sentient stupid ... well no they weren't and Clark being former Sentient ... knows as well as anyone what they thought they were onto when they dumped the large cash in and continued to dump it in. Doesn't always work out the way you might expect.
I remember Andrew Male telling a few of us investors ... right at the time he was being ousted from the company ... that we would never get 40% of the deal. Hmmm ... isn't that f'ck'ng kewl that his fiduciary duty instincts came out as Sentient rolled over all of us ... not that anything was done to protect us ... just that sour grapes brought out some reluctant honesty. I don't forget a danm thing. In the end ... who f'ck'ng cares right ... Sentient got f'ck'd in the end too ... just like all of us.
Now ... history can be viewed differently by each person ... and lessons can be taken in very different ways. Pfaff2 has a forgiving take on history it seems ... and I f'ck'ng don't. I don't look at Clark like a saviour. I look at him as a professional ... advancing a project ... a project he believes is de-risked big time and the drill is further de-risking while producing some meaningful upside potential. Clark is networked ... on a larger scale than say Victoria and so the project is finding cash to carry on. How big it gets and/or how fast it gets there ... well ... 15 f'ck'ng years on one issuer with multiple wardrobe changes for me brings on the who gives a f'ck for both categories.
By no means is Cabacal a given yet it does have some real effort behind it to make something out of it just like Sentient wanted to make out of the Manganese deal.
How far can the players drive the share price ... we shall see ... and for me I will see to $1.50 and be outta here ... for danm sho' ... I see it as a perfect vehicle to trade right now ... do work off of those working it to form a chart. Go long or stay long if you believe the pieces will come together ... all I know is that spectacular Tin prices did sweet f'ck all to get the Tin project going and not even a JV propostion to close ... now that should give at least some pause to even the most ardent of supporter for the future of Copper in the Cabacal district. How long will it take and how high can the price go ... the guy in the last interview asked a great question on this with regards to the development curve.
Ok ... enough of that ... but just to add another deal that I actively play that's worth mentioning to you as an enquirer ... it's VERY ... Very Good Butchers. Man ... they got beat up big for doing the registered public offering a week or so ago and that made for a perfect time to load up for a trade. Chit ... the offering was priced at USD $2.00 and it got beat down to the CDN $2.00 level. That's f'ck'd up but it's a great opportunity to make a meaningful trade as they were $CDN $3.50sh just prior. Sure ... got ran up for the NASDAQ listing and beaten up for the public offering that had to come as part of the NASDAQ listing ... duh ... but the trade is there with Q3 numbers coming.Don't know if Q3 numbers will make it dance but there shouldn't be any more downside. I study the see saw ... and I saw ... so let's see ... lol !!!