Post by
Realdude on Jan 29, 2024 1:37pm
Waiting Game
It's official. The waiting game has begun for cdn oil and gas stocks. Gonna have to wait a year at least for these stocks to take off and the only caveat is oil must stay above or average $75 and hopefully no stupid management moves like buying other companies etc...if this case holds then we might see $8-9 dollar share price and then it's time to sell. And maybe even bye bye to commodities sector for awhile.
Comment by
barneyj44 on Jan 29, 2024 2:00pm
A year wait, more like 2 to 3 months.
Comment by
Realdude on Jan 29, 2024 7:28pm
Well of course 2-3 months is preferable but just look at all the positive news beside shale production down south and these stocks are stuck in mud, so only time over a longer period than few moths will move these stocks into FOMO mode.
Comment by
downwithdotcom1 on Jan 30, 2024 1:42pm
why say this NOW??? think the waiting game has passed-CVE, BTE etc are both up near 10% from recent lows AND SO IS OIL going into the beginning of Q4 earnings season. Worst place to be is caught NOT holding...dwdc