Post by
rookieoilinvestor on Apr 16, 2013 1:39pm
Time to buy now!
Here is the volatility I was talking about. Just bought more over the last 2 days under 70 cents. I guess time will tell but if you believe in the asset, this is the time to buy! Arcan has hedged half of their production for the next couple of years... They're not going under, it's wether they can turn the ship around sooner than later. I'm betting on sooner. I'm in! Night owl, this is the time to get in and make your money back! Good luck to all!
Comment by
LongoGlueStick on Apr 16, 2013 5:54pm
I am tempted to add to my position at these levels. Most of the negative issues are known to the market and the company is working on it. Remember - the biggest shareholders are PBN and CPG. TD says this stock is worth .75, CIBC has price targets of .90 and 1.00 and scotia says this will be 1.75 a year from now.
Comment by
rookieoilinvestor on Apr 17, 2013 8:59am
Looks like another crazy day ahead with oil sinking fast and the chinese situation. Time to buy some more. The volumes show individual investors and there are going to be some panicing today. They'll sell and those that believe will buy. Good luck to the faithful!
Comment by
mathwhiz on Apr 17, 2013 1:26pm
rookie, hope you are buying now and not this morning. You're getting a screamin' deal at the moment. 58 cents!
Comment by
rookieoilinvestor on Apr 17, 2013 3:10pm
Ah....60-61cents....can't expect to buy at the bottom everytime.....although, i'm sure nightowl will say its going down even more....maybe right maybe not! Crazy day. The only thing I wished for today was to have more money to put in....they're all down.....Legacy, Long Run Exploration, Crescent Point.... what a day!!
Comment by
bullmarkets on Apr 18, 2013 11:09am
it might seem cheap today, but they are more than likely going to get cheaper........
Comment by
NightowI on Apr 25, 2013 1:03am
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