Post by
Majormac79 on Feb 12, 2012 2:00pm
Long term hold N accumulate
We are stuck in an undervalued trading range which is good for accumulating over time. The Well creation out of Westfire is going to continue expanding at high rates and with 100 dollar oil there is a huge profit margin from its production costs around$35 per barrel. As with most growth companies they dont give you week over week share price growth you have to be patient especially since its more macro economic problems that are effecting the price not the company's performance.
Comment by
Majormac79 on Feb 14, 2012 9:39am
We have to be quite close to the quarterly earnings report. Im betting we will beat estimates
Comment by
habsfank on Feb 14, 2012 9:49am
Any ETF's holding this Jr. Oil?