RE:Ath commentary for Nov. 12
RUN JANE RUN !
RUN SPOT RUN !
I thought I had put you on ignore but I was mistaken.
Bye bye Mr Scary
Tomsson wrote: Ath shares blew past the 2 brokerage target price of $1.25. The recent cnq acquisition of storm may have something to do with it. Calmer heads will prevail as the stock loses momentum and trades back to the to $1.10 to $1.15 level. Oil prices to slowly retreat back under $80. As U.S. production increases by 500,000 barrels over the coming months and OPEC increases along with 300,000 barrels per day from Canada market will be balanced by spring. U.S. FED rate increases will see commodity prices tank next year with the surging U.S. dollar. Those holding ath into the spring anticipating a higher stock price may be ruined by the once in a lifetime opportunity to sell now. I have ath trading back to 0.80 once interest rates start increasing. Bank of Canada starting in spring next year, but some have it starting earlier. No single analyst says markets are going higher next year. In fact the opposite. Ath high cost base and commodity bubble and interest rate increases makes ath a high risk play at these elevated stock price. Not just ath but the market and other oil stocks in general. Do your own due diligence, but in my opinion ath already peaked.