RE:RE:RE:Unlucky This forecast and link below provided scares me. Deloitte also sees oil cooling off. There is an oil premium with Russia now. I just know at $70 oil it's a $3 stock. I am up about $175000 now but was down $300000 at one point. My share count has never been steady because of margin calls and moving in and out of positions. I currently own 100000 shares and if the stock drops $1.75 from these levels I am back to square one. 20 percent of my shares are on margin. Yes, the right thing to do is pay back my Father. We agreed to see what happens and watch it closely. I am waiting for earnings and a possible bump to $6 before selling and paying him back. Being up $175000 means now is the time to do it. I just think it could go up further and have fear of missing out after 7 years of pain and turn mojo being in energy but also know it could go down hard if the EIA forecast pans out for 2022 and 2023. Nothing is guaranteed here but I am getting greedy like everyone else. Wolf can tell you how good $65 oil and $70 oil is but if the EIA forecast is accurate I will lose everything, and not be able to pay back my loans. I am not convinced this will continue higher, it scares me with the short count and as soon as everyone starts counting their chickens I really get scared.
My share count has oscillated greatly and at the bottom I was down to 18000 shares. At $6 I pay my Father back and keep half my position. Yes, it's the right thing to do but I am trying to steal one more dollar here. My original exit price was $10.
https://www.aa.com.tr/en/economy/us-energy-agency-revises-up-oil-price-forecast-for-2022/2471986