RE:No longer have confidence in this to even trade itLuck I do not count on. I only think of fundamaentals. Let's see what might help this stock out over the long term.
1 They continue to buyback shares. Likely will buyback 3% of shares in Q4
2 Payback debt in Q4 at around 2 million/day
3 Continue to pay a dividend
4 Increase production to about 158K/ day
5 Transmountain startup in the next 6 months, should help with the spread between WTI and WCS
All of these are positives for me with an eye for the long term. Most importantly though is the price of WTI and time. So what will OPEC say at their next meeting?? Also as for all of this negativity regarding a recession, do any of you who think that oil is being manipulated by the dems not also think that they would do the same regarding a recession in an upcoming election year??
I am long and will be that way for quite some time.
Snowballer wrote: Unless we go back to $3's or very low $4's. Could care less if it rips up (doubt it tho). GL to you longs... I think you're gonna need it.