RE:RE:RE:RE:RE:Good buying opportunity
FiddyFiddyOddz wrote: DEFIANCE - You're bang on about the lack of single day events helping the share price. Even when there is a catalyst large enough to actually budge this heifer, it generally gives back those gains and then some in the following days, the latest earnings being a shining example of this.
Great earnings brought on a 3'ish percent gain in share price, followed in the weeks to come by an 11 % drop.
Here we are today BARELY being able to hold on to 48 a share, never mind fiddy a share, yet some of the expert analysts are calling for 60 a share, a 25 % upside ??? Really ??
Almost makes you wonder what those clowns are smokin' doesn't it ......
Defiance wrote:"The only thing that scares me about producers is the link to oil prices, the spread between Alberta to WTI prices and OPEC + Russia vs Bidens demand for lower prices. Demand is not the big factor but supply. There is the possibility of ramping up production and allowing Iran back into the market. I could see a 20$ barrel or a 200$ barrel being possibilities in the right circumstance. Biden could also change his mind wanting lower oil price and remove his restrictions on US shale.
One big thing about the dividend and sell that wouldnt transfer well into other companies is the lack of single day upside events for enbridge. Even good news seldomly lead to 5%+ days. You may miss out on potential unknown one time events. Lets say if somehow funds utilize this arbitage opportunity of buy before dividend and buy back afterwards or even dont sell immediately after dividend it could disappear. "
Just horrible current sentiment that will hopefully dissappear. Midstreamers have atleast recovered from the 2020 bottom to a mid point of a multi year range. On the other hand renewables are also at a 52 week low.
Analysts are a great tool to figure out what the masses are rushing into and see historical financials. Keep in mind they are sell side and there are maybe 1% total as sell with 99% being buys or hold. For years anything energy related is a massive negative.
As long as you do your own DD and never just follow blindly into whatever others are doing.
TD has a great example of not blindly following analysts their action list buy Kew Media went bankrupt in under a year.