RE:Market gyrations Well said !! I do worry about the stock dump going on in the energy space.
For those who understand the energy space , or let's just say understand Whitecap , know that Oil Could loose over over 50% of its value , Whitecap stated it covers cap- ex and divvy with current hedging at $40. So at $41 dollar oil presumably Whitecap could Potentially pay down debt , buy back shares , and even raise the dividend. Then for 2023 Whitecap states it can do the same at $45 WTI.
Every day oil is above $40 , this changes and improves the company's statement , and every day we are tracking above $65 dollar oil we are able to triple the
dividend, and at $95 dollar oil the company can multiply the dividend 7X. Yes SEVEN TIMES !
These are facts that are public info and states by WCP not someone like me ! It's what Whitecap says is in the kool aid !
So what the market is saying to the holders of Whitecap and the market is oil is going Off a cliff to under $ 40 dollar oil. Really ? There is a point where the noise stops , money steps in , and most likely every time this happens again the money will proportionitily move more into commodities -'Gold -'and if the analyst are to be believed ENERGY - OIL !
So , today is a massive buying opportunity unless you think we tank more tomorrow , than tomorrow is the day to buy.
Russia is about to be taken off line , and if China and India will take the oil The super tankers , the insurance company's won't be allowed to haul it , or insure it .
Who owns the ships , there not all Chinese ? Who insures
Sanctions will hit hard , this particular round of sanctions takes time because it's a massive massive blow to Russia , and there is a world where Putin is so upset , he just shuts off the spigots , and therefore the EU is making sure every single possibility has a solution!
This is why I think this will the calm right before the storm
Oit is about to go ballsitic and today , tomorrow is a incredible buying opportunity.
Hate to say it but traders could do very well here ! Long term can average down , and the sheep are being slaughtered, while the Man is buying your shares , and laughing as you sell to him or her !! Lol
Rant 101
C