RE:RE:Personal Strategy...Good way to start to things. WTI is up is 67 cents....72.61.
Since the last OPEC meeting...WTI has tended to want to go green in overnight trading.
WTI should continue to gyrate towards 75.50-76....but at that point it will face alot of resistance. Will need really bullish oil inventory numbers for WTI to get past 75.50-76.
And if USA production ever get;s too high....76 will be hard to push past.
Still alot of cushion there...USA production isnt that great. Over 13M at one point.
Currently still much lower then that.
I think it will be this way until end of 2021. In 2022 traders will want to take WTI to a 80 test.
Cold weather should be coming to help Aeco...-24 in central alberta soon.
Very good environment for OBE to prosper.
I agree with your months Hendrick only I would( plus or minus them 1 either direction).
Ex $6.50 between Jan-March timeframe with Feb being most probable.
I suspect alot of the investors that got in at 4.40 would want at least 9 before selling any.
I think alot of OBE investors are not in this for pennies.
WCS is over 69 bucks in canadian dollars...I don't think OBE was a scary to buy last week.
Prop is printing money right now...fairly nice netback.
Gl this week Hendrick...I think we are in alot of the same companies.
Hendrick3 wrote: My predictions
$6.50 by end of Feb22
$10 by July 22
$15+ by Oct 22
The last splurge after July will be based on dividend announcements which will be about 20 cents per quarter.
it will be fun to look back and see how close we are.