SHAKING THE TREE Today was a classic shake the tree for the big players to get all the panicked holders to sell there shares.
That all this is. I don't have much to add to what has been said , but essentially this stock gets to 20 bucks at 65 dollar oil over a 3 year period .
So unless your a day trader , you add to your position today.
Like it wassaid , whitecap can maintain this year's cap ex and dividend with current hedging at $40 WTI and next year at $45 WTI.
We are 115% higher approx than this in the price of WTI.
One last thing , Opec isn't going to raise production , because as long as oil stays high , there buddy Mother Russia can essentially loose half there production and still survive , and they won't loose half , they maybe 1/3 .
So as much as the MAN ( the United States ) wants lower oil prices , there is China , Russia , Opec , and even India , all buying Russian oil or in Opecs case not pumping more
Then the flip side of today is it keeps the shale big wigs in check by reminding them of the past . So maybe some of them decided to stick to the 3-5 percent production Increase model after today . Certainly it got there attention
Today was hard , very hard , and those who stuck it out , those of you especially who added ........
big muckin congrats to you !!
Sincerely
craigtster