Post by
MrICE on Jun 11, 2021 11:15am
Oil over $71
What dose it take to get these Canadian junior oil stocks to move. Big boys will need to join soon. Right?
Comment by
bosstrade on Jun 11, 2021 11:55am
The second, not min line 3 is operational, they will all come in. I mean ALL. The more aggressive will start to come in now. Oil is not going anywhere but up as the economies open regardless of Iran. Good times in this sector. Go to cottage for summer and when your back it will be over $1.30
Comment by
MrICE on Jun 11, 2021 12:16pm
Agree. I'm here for long term. We've had a great run so far on speculation but the next levels will need financial proof to advance. With oil now firmly over $70 it's just a matter of time for the big money to trust that it will stay at these levels or higher.
Comment by
Moremoney4u on Jun 11, 2021 2:57pm
I think with oil over 75.00 at least ATH. Will be 1.60 also the Loan will be the arranged and partially paid off , at least in half with new terms extending into 2024. Its win win. The oil industry according to JP Morgan is in BULL market for a couple of years going to 90.00 ?????? ATH will be bought out by then at 2.50 go to cottage and chill .
Comment by
ManitobaCanuck on Jun 11, 2021 3:22pm
If its 2.5 then its more like going to Bahamas to buy an ISLAND
Comment by
CandyC on Jun 11, 2021 9:58pm
Tom Lee on CNBC Fast Money Halftime Report say oil is at the start of a bull market and WTI will be between $80-$100 for several years
Comment by
Maxmoe on Jun 12, 2021 10:01pm
Keep this in mind. A year ago, Tom lee on CNBC or some other TV expert said oil would never get to $50 again. Never. Ever. All of them had bleak forecasts of "peak oil", covid declines, EV dominance, etc,etc. NONE of them, not one forecast 70 or 80 never mind 100. Just sayin.
Comment by
Maxmoe on Jun 11, 2021 8:45pm
That's the plan boss. Got my 2nd shot this week, so 2 weeks and I'm outta here for the summer except trips to town for supplies.