Post by
IndianSparrow on May 09, 2022 7:03pm
Where would you put your money ??
Today was a day of throwing the baby out with the bathwater when it comes to broad market selling. Oil still in the $100+ range and Canadian O&G stocks sell off worse than tech stocks ??. You have to give your head a shake. Today looked more like capitulation selling and with low liquidity, algos had a field day hunting stop losses and eating margins. Fundamentally, O&G sector is the best sector to be invested in. Oil can drop to the $65 - $70 range and stocks like BTE are still a bargain at these prices. As always, retail investors are the worst enemy of their own money by panic selling their good value stocks when the tree is shaken. I am waiting for the trading volume to dry up substantially in BTE going forward. Then, we will see some real price gains. The MMs need all the weak hands out. The journey to the top is always a lonely one. GLTA.
Comment by
BayStreetWolfTO on May 09, 2022 7:14pm
Looking YTD...certainly NOT tech. YTD Cdn O&G returns
Comment by
Eigen337 on May 10, 2022 9:00am
This post has been removed in accordance with Community Policy