Post by
Anschutz on Dec 18, 2024 5:24pm
Below $6?
Anyone wagering VRN drops below $6 CDN before December 30th? Considering market sentiment and sell offs, I see nothing on the horizon to cause price to rise rather than fall.
Comment by
dart321 on Dec 18, 2024 6:18pm
I think it's a wait and see what trump does with oil tariffs on Canadian oil. If he imposes it then it's anyone guess how bad the market will be. It will likely kick off a trade war world wide and all stock nomatter what sector they are in will tumble because of the massive inflation it will cause.
Comment by
Seppelt on Dec 19, 2024 10:21am
Waiting until it drops to $6? Why don't you wait until it falls down below $5. Some unfortunate dudes who buy on margin will be getting margin calls, and if no cash to inject, will be forced to sell. That will drive the price down to $4.50 or $4.
Comment by
Marty47 on Dec 19, 2024 10:41am
Ya well it's a possibility for sure if oil get to 65$ the stock will dive , all we need to do is watch the oil price , and not to be negative q4 can't be that great , oil is 6$ less in q4 , management did poor at 80$ oil , I can't see them comming out with stellar results .... I think this stock can do good with new management , Saxberg smell still hang in the office ....