Post by
Wildtime1234 on May 30, 2019 3:12pm
Bounce back
This stock has been consistently dropping for a while, any thoughts on where the bottom might be? I would like to hear opinions and guesses. I thought the bottom was at $7.75, but it's passed that. I was in short term but looks like I might have to look at this as a long term investment.
Comment by
Tweedlede on May 30, 2019 3:29pm
There is an unfortunate disconnect between when the price of oil rises, the SP growth for Canadian energy does not go up. Yet when oil goes down, we certainly go along with it. This is a industry wide situation, and not company specific. This is the 6th time in 3 years the RSI has been at this level of 'oversold'. And every single time buyers emerge and bring it back up.
Comment by
madagascar123 on May 30, 2019 9:23pm
This price is ridiculous , insiders where buying between $11-$12 ,I am all in been buying the last week ,unfortunately for me ,that's it, out of money , optimistic about triple within year -good luck to all buyers ,just a matter of time is one of the better resource companies in North America