Post by
bassfishing88 on Oct 05, 2022 1:40pm
What is up?
The only red energy stock on my screen today. Anyone know what is holding Vet back today? TIA
Comment by
stockmarket1 on Oct 05, 2022 3:22pm
I was wondering the same. I thought it might have been profit taking but, going onto BNN energy sector. VET is the only company that is trading in the red. Strange. Not sure,
Comment by
clamlinguine on Oct 05, 2022 4:56pm
Dutch gas was up almost 7% today too so yeah....surprising.
Comment by
Oldnagger on Oct 05, 2022 5:46pm
Another positive trend is that the far months are up more than the near months for Crude https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.html
Comment by
DonaldDDukc on Oct 05, 2022 9:29pm
that is right, Thanks to the Americans blowing up essential infrastructure in Europe
Comment by
Chandler97 on Oct 06, 2022 2:17am
I am actually shocked. I have a pretty good handle on the markets and am rarely surprised. I have no idea what happened today.
Comment by
stockmarket1 on Oct 06, 2022 10:55am
J.P Morgan cut VET's price target to now $38 from $40 Canadian. That's the only thing I found that could have triggered the sell off?
Comment by
Moemoney42 on Oct 06, 2022 10:59am
I'm sure its due to the special profit tax that passed.. just a delayed reaction IMO.. I think its a bit overdone as this years tax consequences have a lot of capex to account for, and or, tax loss carry forwards..??
Comment by
Pandora on Oct 07, 2022 2:12am
An interesting overview of the Russia and OPEC+ situation. Ads are a bit of a pain but you can skip. https://youtu.be/7p_vXXxv-3s