RE:RE:RE:sentiment and hypeswing trade all you want....this is my only oil exposure.
I live in Toronto, Ont....last time i was out( yesterday)
thee was traffic everywhere..cars still stuck in traffic and i take the bus..same amount of people as before.
Oil is the most manipulated asset on the planet
i know this...
I made a nice profit on Suncor( sold at 52)
this is chump change for me....have fun flipping
lashing wrote: You were right when you said its not an investment but a swing trade. Some people just cant let go and think holding long will reward. They are losing all the profits thinking this way. Oh well, I dont argue with bagholders as they hold my bag.
Roscoe747 wrote: Face it. Gear is a plodder with mediocre assets and cautious leadership. The sp sinks at the first sign of trouble and is very slow to recover because oil is now a swing trade piata not an 'investment'. Gear is not a name associated with big gains in short timelines.
That said, Gear is, however, a producer that can hold production flat on maintenance capital and return 13% Free cash at $70 oil and 23% at $100 FOR THE NEXT 20 YEARS. It may take a few quarters but eventually even the wokists will figure it out.