Bullboard - Stock Discussion Forum Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s): TNEYF

Energy Oil & Gas E&P

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its... see more

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Tamarack Valley Energy Ltd > Oil opens flat overseas @ $79

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Post by smallcaptdr on Nov 20, 2022 6:26pm

Oil opens flat overseas @ $79

Oil never gapped up so If this is the way Oil will be trading for the next 3 days in the US then Oil stocks are going to have to correct because share prices have stayed higher than normal because of the false confidence given to investors thinking that there was support from OPEC cuts in keeping Oil in the $85+ range well we were dealt a hand of reality watching Oil hit $77 indicating that OPEC cuts have become ineffective due to the headwinds of weakening demand. Overseas had a chance to open Oil higher if they feared that the sell-off was too deep, but they didn't and it was Overseas who sold Oil off before the closing of their markets Friday morning so judging by this 2-minute window watching Overseas open I feel that we could be testing $75 this week but we all know that tomorrows Oil price will be anywhere other than where it's at now and it's at $79

Crude oil - 2022 Data - 1983-2021 Historical - 2023 Forecast - Price - Quote - Chart (tradingeconomics.com)

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