RE:Market frothI agree completely, Farmer, and have actually added a little more on today's weakness. This has been a brutal week for the the broader indexes and I'm surprised energy hasn't been more of a safe haven given the relative strength in oil. But it's a risk-off, sell-the-rip environment right now.
Q4 financials for E&Ps across the industry will be a huge wake-up call to growth / tech / crypto investors that are just getting their faces ripped off right now. Too bad they won't have much left to invest.
Cheers and GLTA.
Farmer12 wrote: A lot of the froth has been taken out of the market in the last three weeks. The Nasdaq has been falling since early January: Tesla 52 week high was around $1243 U.S., now ~959, AAPL high 183 now ~164, GOOG 3037, now ~2652. Around 25% of Q1 2022 is already in the can for ARX with very favourable prices: WTI around $85 U.S., NG still close to $4.00 U.S. February Nymex. Money is just rolling in from huge condensate prices around $108-$110 Canadian, Correct me if I'm wrong. I still think the cash flow for Q4 2021 will be very nice and Q1 is off to a great start. Ra, ra, ra!! I bought some more options this morning as I already have a whack of shares. Buying back shares and paying off debt creates a virtuous cycle that bolsters the share price over time. That's my story and I'm sticking to it.