Thoughts part -2 Just seems as though the bad news or bearish news is priced in , other than a Biden cup cake ?
We were under $100 WTI and WCP priced held or rose , and we are close to 10.50.
It seems like bearish news comes in strong waves , thr stocks initially drop nicely and there is a point where the stocks hold and recover , where oil holds recovers.
I think for a few reasons 1st Q earnings anticipation , fundamentals , and the price of oil rising or recovering albeit not as much possibly as the last few swings of bearish , bullish news.
Whitecap is going to either test or reach mew 52 week highs. Every week the message is the same and that is this market you want to be in energy , ( commodities in general) financials and gold ( repeat of commodities sorry)
These aren't our favourite analysts Nutall , and the Mcraes just talking anymore. It's generally most of them.
So every week we are going to see general ( new investors ) come into this space - and we are heading to 11 and change and I feel we May touch 12 this month.
Time will tell
c