RE:What is going on !?!?!What sort of bothers / worries me is I see a lot of people (e,g. Nuttell) saying it is different this time, oil companies have been burnt in the past, and so they will be hesitant to invest to increase supply (which will reduce oil prices). [Reminds me of the 1980s Alberta bumper stickers, about learning a lesson and promising not to piss away the next oil boom.]
Yet, in the last month or so, that is exactly what a number of companies (e.g. Chevron, Exxon) have said they are actively doing.
red2000 wrote: Just got back from 3 days golfing with friends !
All major CDN energy stock fell between 4pm yesterday to 9h.30 am this morning with no news, explanation and most of it, without fundamental datas to explain the drop !!!
During the day, Baytex shares fell 10 cents ! For me support still here !
ARX, ATH, BTE, CJ, CPG, CVE, JOY, PIPE, RBY, SGY, SU, TVE, WCP
all have the same graph at the open !!!! A perpendicular straight line !
Avg. CDN Energy Stocks 5,35% less on a 40,85% high yearly it's nothing, but i have to admit it's very frustrating !!!
Big Boys want to be in the parade !!!??
Market always react properly with fundamentals datas ! This was not the case during the night !
This is what the market want ! A good balance sheet !!!
Grab some words of Brian Ector : ''With respect to hedging, the best hedge is always a strong balance sheet and we are fast getting there''
And also form Nelson Mandela : '' Courage is not the absence of fear, but the ability to overcome it ''
I leave you all, with today'S Jeff Currie, Goldman Sachs interview :
https://www.youtube.com/watch?v=CXHWcFksnIs&ab_channel=CNBCTelevision
Good luck Longs !