Post by
prested on Jan 10, 2023 1:08pm
The only good news....
...is that at these prices VET will be able to buy shares back a lot cheaper. Currect price defies reason,but that's markets for ya.
Comment by
EnergyWatcher55 on Jan 10, 2023 1:20pm
VET is not obligated to buy back any shares. Also, even if VET did, the market could simply continue to punish this stock due to this EU windfall tax negative overhang.
Comment by
Paray99 on Jan 10, 2023 2:21pm
The taxes doesn't really matters if oil goes up. The indication for rising oil is already here. Tomorrow EIA reports will boost this.
Comment by
Moemoney42 on Jan 10, 2023 2:41pm
I'm beginnng to think the recent activity in the CDN sector is more than the issue with the WFT in Europe lately.. CDN stocks getting battered for the most part and a number of US & UK majors in the green today.. Looks more like a crush on CDN producers in general..! :-(
Comment by
EnergyWatcher55 on Jan 10, 2023 3:07pm
It depends on which stocks you follow. Companies such as CVE, POU, ERF and CNQ are holding up quite well.
Comment by
EnergyWatcher55 on Jan 10, 2023 3:04pm
I used to think that EIA reports move the oil market. However, I've been surprised too many times when huge oil draws lead to a decrease in oil prices. Too many factors affect oil prices despite EIA reports. I don't follow these reports as much. Its just one data point.