Post by
Unlucky13 on Jul 15, 2021 7:38am
Oil getting the stuffing kicked out of it now
The price targets I suggested remain in effect. Remember when I said if we go back under $2 it won't be worth the ride, well it certainly looks like that will happen. At $60 oil this is a $1.50 stock for years to come. Terrible scenario to have $60 oil. With oil down $1.50 now we likely end the day at $2.20, that's a 15 percent haircut since it neared $2.60. At best we only get back to $2.40 at earnings and the oil price doesn't cooperate we will never get to back to the $2.60 level. $3 is not happening this summer, it's a given now. The Delta variant is wreaking havoc on the world. How disappointing BTE remains, it's going to take $85 oil for months on need to break $3. The lack of an OPEC deal likely means a step to increased production in the world. When Iran gets back on we might end up back at $50 oil right where we started this mess under a buck. Interest rates are likely to rise, we are going to end the summer with a whimper. I should have sold at $2.50 plus.
Comment by
BayStreetWolfTO on Jul 15, 2021 8:16am
Unlucky you had your opportunity. True colours showed asked you simple question to answer what you would do different as management and whether you would hedge through April 2022 and you won't answer. As I suspected. The public doesn't deserve to read your drivel as you offer no solutions.