Post by
ManitobaCanuck on Jan 25, 2021 5:47pm
Was just seeing the madness at Gamestop ?
Looked at the meteroic rise in gamestop from 2.8$ to 150$ and how the shorters at Citron Capital lost a few billion$ . Reddit driven stocks .
Hopefully we might see something like this in the O&G sector ,once oil prices start going up .
If we see something like that then we are in for a multibagger here .
Once Brent hits 60 and WCS around 45 and stays there we are in for a 40 cent price for sure .
After that its exponential rise .
Anyway if oil does rise ,i dont think we will have those Trump Tweets to pull down OPEC price or free money offered to shale producers to jack up production .
Comment by
lovehockey on Jan 25, 2021 6:22pm
Money is becoming worthless with each trillion they will print. Oil will have to end up above $100 soon or we will come to an insane shortage. That will trigger energy stocks to skyrocket.
Comment by
ManitobaCanuck on Jan 25, 2021 6:25pm
True , just patience and we can retire soon . Lol , my friend south of the border lost his job after covid19 .He is just 4 yrs away from retirement . He minted 1.2mil on Gamestop , just had bought some as he soldbought videogames there as a kid . Glad that he is able to retire wealthy soon .
Comment by
Chris007 on Jan 25, 2021 6:29pm
The gamestop situation south of the border is definitely very interesting. Looks like a good ol' fashioned large scale pump and dump at work. Will be interesting to see what GME looks like when the dust settles
Comment by
ManitobaCanuck on Jan 25, 2021 6:48pm
Agree its overvalued , but remember the VW short squeeze ,some shorters overshorted GS and its payback time. Just need a spark to light up O&G , likely that will be countries opening up.Hope we have a better summer for oil this year than 2020