RE:Day #4 - WTI $87.16 LOW - SHARE PRICEWell that was quick, I'm out. Good luck to all.
Spanito
Spanito wrote: WTI is being punished this week, but Natural Gas is doing well. But both Natural Gas Stocks and Oil (Crude) are tumbling today (Again). WTI (Crude) is moving very slowly down now. Maybe it's found a new support level. September 5th OPEC+ meeting may stir the pot again. And SUPPLY may be in focus for next week instead of the RECESSION. Who knows
I setup a $41 stop loss oday for Suncor. Well if it is taken out all I got to say is that it was a very good ride up. Back in Early August (3rd to 11th) I almost bailed out but WTI was higher then, Share Price dropped into the $39 range and waited it out (just like in July) , now I've reset my out position to $41 since then, I am crossing my fingers to stay in the game, but with WTI anything is possible. And as you can tell Canadian Energy Stocks don't give a Rat$ a$$ how much Analyst pump these stocks. Would like to hear from others if they are removing some risk(s) from Canadian Energy Companies. I already bailed from VET, CPG, CVE, just to mention a few.
When WTI goes down so do we along with it. Good Luck folks.
Spanito