Post by
kegman on Jun 07, 2024 8:35am
WE hit $76
Nice relaxed gain this week. Shorts released and they survive for the next play. I would think any residual shorts will be out today, not risking anything stupid happening in the world this weekend. You know like Lebanon catching fire, Ukrainian missiles go a little too far into mother Russia ( I am in favour of that btw. With no real chance for damage how does Putin ever even think about leaving Fighting a war with one hand tied is not a good defensive strategy) REgardless of world events, Nutty is correct that overall storage is at extreme lows. The news just compares weekly, lets look annually. BTE will swing hard on oil hitting $80 again and next Friday is cutoff day for the dividend. All things looking better for the rest of the month and then we get Q2 report. Hopefully we are below 800K share float too soon. That is symbolic I would think. GLTA
Comment by
Frank007 on Jun 07, 2024 9:00am
It's the float size and debt per share that matters here ...good liquidity so good to trade daily ...