RE:RE:RE:RE:RE:Do beat me up....lol Moe...this was a funny post...I do have a great sense of humour. Well done.
And I said on other board I was out of oil short HOD as I don't think oil well drop below 80 and stay under 80 for long.
Glad oil is up. I am margined to nuts on stocks that need high oil prices to pop to places I want to go.
My bum cheeks would really get slapped if oil tanked right now.
As long as the Fed doesnt touch interest rates...and they should wait awhile yet.....oil should keep bouncing above 80 and stay in 80-87 band....
I think we all would enjoy 80-87 WTI for awhile...
SchoolNmoe42 wrote: kavern23 wrote: 4.30-4.40??
short oil, nat gas & cj??....dunno doesn't sound like much of a plan..imo
Light Crude Oil (CL1:COM)
80.99 0.20 (0.25%)
The retail buying strength of CJ is a very attractive thing.
I likely would be a buyer at 4.30-4.40 without even looking at CJ too much as on a good sentiment day...retail will push CJ up.
Prob a great swing trade at 4.30-4.40 the way it looks.....
Question is if it fall to that lol.
kavern23 wrote: What are the cheaper companies out there?
That partly answers why CJ prob got pushed to 5.50....isn't many "good" companies left Canada in the junior to intermediate space. CJ has developed a strong Retail following...which means any good news will be priced in.
Difference between good company and good and cheap company.
CJ is a great company in that it is financialy secure right now and not many in the junior and intermediate space are. Money has followed to it.
But look at the price history...at 5.50 CJ was at the highest since April 2017....was that really supposed to last at this point in the cyle.
GoldenArm wrote: Got some questions for you.
20500 boe/day vs 22000boe/day The difference is $0.69 per barrel $10.69 vs $10.00 in exensive. This is what has your panties in a bunch. 10.69/80 = 13.3% and 10.00/80.00 = 12.5% Difference of 0.8% exploration cost. Now if they go buy a company how much would that cost in BOE?
What are the cheaper companies out there? This one is trading at multiple of less than 3 based on trailing 12 month earnings.