Cenovus Energy Inc T.CVE

oil stocks not participating in oil's rally yet again!!

[downwithdotcom1]

at one point, oil up 4% and is still up 3% yet most oil plays didn't even reach this plateau and in fact are falling back ONCE AGAIN ala CVE up only 20 cents now, BTE falling back to sub $5...what happened to those days as a step jump in actual oil prices would cause even a larger jump in oil stocks as this was deemed all profit going to the bottom line??? Its the ALGOS built into computerized trading programs destroying these attemped break-outs time and time again...who's doing this???  Criminal gangs use SHOT CALLERS for direction and they do their work often from prison...not sure there is that much different when trading in commoditees...thoughts??? dwdc

[downwithdotcom1]

this is the commentary for today's dip in oil pricing...REALLY??? the shotcallers are truely in charge and it has nothing to do with actual demand/supply data........see below...dwdc "traders were torn between supply worries amid Libya’s production shutdown, and demand suspicions on lower refining margins"

[downwithdotcom1]

Unbelievable....shot callers striking hard with their bear attacks..oil now down 20% and oil stocks are down even more in mere days..again fundamentals are MEANINGLESS..what a rip off!! Not going to say anymore to prevent my post being pulled...CVE might be headed back to $20 for the 3rd time in as many years..STAY TUNED..dwdc

[meritmat]

and if it does you get a great buying opp.   Just bought some Tou under 60.

[downwithdotcom1]

 oil is actually UP on yet another potential draw down in inventories (already supported by the API's last nite) but still, the criminal shot callers are still running down stocks like CVE -the spread from todays hi to where it is now ie todays low is almost another $1...unbelievable...dwdc

[downwithdotcom1]

oil finished up yesterday in spite of a bearish EIA inventory report and its up again today, so thats near $3 but still, the criminal shot callers are still running down stocks like CVE, still currently trading sub $22...fundamentals MEAN NOTHING ...unbelievable...dwdc PS.. a few snippets from newsfeeds today  "China’s biggest state refiners Sinopec and PetroChina have asked

[Quintessential1]

The EIA inventory report appeared bullish given the intventory build was less than forecasted. And the oil price is up with it so fundamentally it finally appears to be showing signs of syncing. Time Actual Forecast Previous   Sep 11, 2024 10:30 0.833M 0.900M -6.873M   GLTY and all

[downwithdotcom1]

oil now up a $1.50 and is back above $70 WTI. This brings the bounce above $5 since oil touched $65 last week and in that time the criminal shot callers are STILL selling oil stocks like CVE having briefly gone negative AGAIN today , in CVE's case back below $22...the band is stretching on this NET NEGATIVE bear position by financial oil traders and i hope they get burned HUGE on a position

[Quintessential1]

Traders going to trade and algos are especially going to trade using technicals and they care little for fundamentals. CVE should be buying as much as the NCIB limits allow as prices won't be here long either way. GLTY and all

[downwithdotcom1]

Putin threatening nuclear, 2nd war is now in progress in Lebanon, greek oil tanker free burning as a result of another Houti drone strike and the world is at multi decade wordwide physical oil inventory lows, interest rate cutting in Can, USA and now China...just what is it do you need more to keep oil @ $75??? fundamentals being completely ignored by those criminal "shotcallers" and

[Quintessential1]

It looks like OPEC/SA is caught between a rock and hard place.  Yeah they can control the price of oil but not the volume. If they open the taps they sell twice as much at half the price.   If they close the taps (fiscally impossible for them btw)  they double the price but sell nothing. They have become addicted to the profits the same way the west has become addicted to