RE:StrongAdditionally most sophisticated investors know we make a pile of cash at $70 plus
Note Q3 is going to be based on roughly $70 oil...people will be surprised..
We really don't need $80 oil...most know this (or at least the sophisticated new investors)
riski wrote: Really strong price action today. It looks like a lot of weak hand retailers have been replaced by stronger institutional ownership who aren't ones to sell on a slight slip in WTI prices. The days of speculators and weak retailers piling on each other to sell their shares seem to be over.
Much smarter, longer term focused investors are in on this now and not selling. I don't blame them. This has the potential for explosive growth from here.
This time it really is different.