RE:RE:RE:RE:RE:WTI up 9%, OBE down 2% at ~$10.57Wcp, Bte, Cj, OBe....they all didnt go up today....
Problem is retail investors will have trouble taking these stocks higher without more instutional support.
OBE is for sure a great company but likely not getting the fund/instutition support right now as that group doesn't like economic uncertainity...and early innings of these war.
Sooner war ends, better for OBE stock price...and really any canadian energu company.
A person has to consider the end user/consumer...and how important Russia is with certain products...different then Iraq/gulf war.
Europe is going to go into a recession...natural gas high, wheat, and grains, coal, fertilzer, food....all in the face of a lower consumption naturally from the end of covid restrictions...money suppy was going to decrease for most countries as lock downs are done.
Some people buying oil stocks are not used to enviro...more money can come to sector if some stability appears.
AtomicForce wrote: What matters the most for stock price is not the current WTI or WCS price but oil futures. I do think Q2 and Q3 will have some pretty insane prices but they will start to come back to reality at the end of the year. I also think their drilling results will be fantastic in Q1 and Q2. Should push us over $12. At that point I will have to start taking some profits but I plan to hold a sizeable portion to at least $20. Can't have 50 percent of my portfolio in a single stock!