RE:Waking up to distressing Crude priceWhampoa i wouldnt worry about the oil and gas sector alone. As per Stockhouse interview lithium prices have increased since the US election and experts are projecting a demand in copper in 2025. Like i said Axe is sitting in a very sweet and strong position right now. It is tragic people keep knocking the share value down but what else do you expect during tax loss season? The price again is severely undervalued and i do expect it to go to a buck by years end 2025. But whatever the price does the company is proving as i have said relentless. There were people saying the oil and gas was drad because of no news. I said if there is no support best to position out focus elsewhere but i had never said that the company would not revisit it which was the second part of what i said plus that the industry will be in further trouble on the basis of overproduction in drill baby drill as well as the looming tariffs.
The spot price for oil no doubt helps if up helps but oil giants will still want massive profits and will look for means to get them so up prices are always good but so are down because the giants dont want to go into the red. Either way this company benefits. I dont like tying spot prices of oil to the share value here i dont think that properly puts a value and feel more the use of tech is a better measure but i get that in calculating thinking more in terms of mining per tonage refined it goes by the amount and spot price of the mineral. In any case i believe it all evens out. If less people use on more value or more people on lesser value is reason for my comment.
This is as i said and been consistently saying trading way too cheap great price to buy not to sell and there is more and more potential demand as more things gain demand on them oil and gas is not the only thing. This is a stated 1 trillion space so let us not worry about one sector which will see strong value here despite the lack of support/interest so far.
I am seeing the long game but i do expect and appreciate a fairer share value which in my eyes is above a quarter.