Post by
Wildfury on Jul 29, 2021 2:06pm
STOCK PRICE VALUATIONS
I have come to a conclusion, no matter the WTI & Nat Gas prices are the market doesn't seem to care, makes no sense. MEG, CPG, TOU, BTE & soon ARX is going to and have reported excellent earnings and yet practically no upward movement for all. The analysts keep pumping the 12 month target prices for all these Canadian oil companies as they should be but the shorters /hedge funds want no part of it. Yes they are all paying down their debt, I get it but you can't tell me that something stinks here. Some will say have patience, sell if you don't like it but this is reality people and you can't deny that the big boys are keeping these stocks down. Most of the companies have their oil & gas hedged far below current prices so my question is does it matter if WTI & Nat gas is up or down because their hedges are far below today's prices. Some companies are hedged in the $40s , some are in the $50s. The stock prices shouldn't be falling because the current prices are well above of their hedges but they you. Is the market waiting too see if energy prices stay at these levels, are they waiting for a few more quarters to pull the trigger? IMOP the market doesn't want to invest in energy because of the GREEN BS in the media, ect, ect. The facts remain the oil & gas will be in demand for many decades to come so if you believe in your stocks future outlook for earnings and debt reduction then we will have to wait much longer unless the general public and most importantly the institutions start to back what they're posting.
Comment by
hoffbag on Jul 29, 2021 2:48pm
When the irrational ceases to work the bigs will become rational.