Post by
Maxmoe on Apr 02, 2023 10:05pm
All boats raising this week
The bounce back in oil can only help Tcf. Just the return of interest in the energy sector will help. Capital will flow to the benefit of all. Substitution into gas comes from several angles. From coal to gas is the most obvious , but we often see the switch going from coal to oil instead. Because oil is far more globally distributed and faster/easier to access. As we've seen in alberta, if oil pipelines are full, or shut down, or bombed by a hostile neighbor, it can be transported by rail or even truck, albeit at a higher cost. If the gas pipe is full or bombed, there's not much a buyer or seller can do. We don't appreciate the importance of energy independence because we have a huge surplus. But turkey, and it's neighbours, value the geopolitical advantage enough to push back on importing cheap energy. Importing "cheap" energy seldom is. Just like "free advice" can prove very expensive. So maybe just ignore my rant. LOL.
Comment by
Relaxrelax on Apr 02, 2023 10:51pm
This will help most energy stocks but unfortunately probably not penny stocks unless this is a sustained rally. Penny stocks are penny stocks for a reason. GLTA
Comment by
Abedim15 on Apr 03, 2023 8:30am
True you have to stay with the proven companies, but once in a blue moon the Hail Mary pass actually works. Rarely I'll admit, here's hoping
Comment by
Maxmoe on Apr 03, 2023 9:48am
Yeah okay. Remember when baytex and about 29 others were penny stocks? I do. I paid 29 cents. Sold it for $5.50
Comment by
marlinbait on Apr 03, 2023 2:52pm
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