Post by
riski on May 06, 2024 12:35pm
FOMO
Full FOMO kicking in. Retail selling low last week and now buying higher.
Welcome back to all those who couldn't take the heat last week. Stick around for a while. This is the best value in oil and gas. Nuttall has them at 25% FCF yield and a double from here based on peers valuations.
Volatility is high with BTE, but if you are confident in what you own, there is no need to panic sell.
Hopefully some of the long term holders here had a chance to add last week.
Comment by
kegman on May 06, 2024 12:39pm
Did anyone else notcie the huge drop in WTI. Sudden and then recovered a bit. Went from +$1.03 to even.
Comment by
kegman on May 06, 2024 1:06pm
Hamas agrees to ceasefire...that explains it. Traders bought at $4.82 gone. Watch for slippage now.
Comment by
riski on May 06, 2024 1:27pm
There is not going to be a ceasefire. Hamas rewrote the Israeli proposal and are now indicating that they have accepted this Egypt/Hamas-edited Israeli proposal, presumably to make Israel look bad for backing out of their own proposal.
Comment by
kegman on May 06, 2024 1:35pm
I am betting Israel accepts it to get whatever remaining living hostages they can get and then move on the snake's head once and for all. If Hamas screws it up it gives Netanyahoo the opp to go in and clean up. At the very least it will give Israel some more time for intel. If they could have gotten the hostages another way they would have already.
Comment by
Cobalt on May 07, 2024 11:14am
Full FOMO LOL guess you have not seen copper miners now that is full FOMO, Beating Nvidia for returns off the Nov turn in the markets , BTE flat , Full FOMO LOL