RE:Oil at 92 bucks ..Looking forward to 100 bucks.. I own this name and I agree it sold off too much in the pull back over summer. However even though I have
lots of shares. I am not seeing a catalyst unless oil prices stay closer or above 90. They said 80 covers all and after that they can do more obviously.
So I do see upside but if I am being cautious I think it's under 2 dollars. In a big swing day maybe it touches 2.
So if we get higher oil prices for longer and we are going too. Then this could run. However I think until we get higher oil prices for longer this name doest have any catalyst to run higher like some of the other names.
So there debt free and they need 80 oil to pay divvy do cap ex. So I think 80 is a safe average number ? After that I think it's risk. All of this being said. I love this name I am getting 5k a month with a divvy at 10%.
So I am here for 1.80 or higher witch for me is only 25%.
I dodnt get the Best Buy on on this one and that's okay.
I got Saturn energy right and you still can too. Look it up.
your missing out on some huge huge upside. That upside is in the next 2 months. Not 1 year.
Don't take my advice it's just opinion.
CRAIG