Yangarra Resources Ltd T.YGR

Looks like drop in Energy markets

[kavern23]

Looks like a drop is forming and I may be able to do some investing in market again soon.
Big difference taking an intial position right now and to people that own existing and average down.

Not shocked the oil drop timing is going to be at same time as Q2 earnings season.  This drop in oil prices (more to go in July) will help temper companies from increasing their Q2 second half capital budgets.  USA production growth is slowly becoming a headwind and traders will want to zap some of the extra capex that was going to come to Permain Basin.  Permain is just too profitable at 100 plus oil for companies to not want too expand. Espcially privates.

[kavern23]

And I dont like buying into a market when analysts and financial media are so angled to form this bullish tone on oil.  When I see analsyts talk about 180 or 380 oil prices and from experience that is usally a sign at the peak of oil prices and they will go down soon.  THese analysts have such poor track records, rarely right. And so many analysts leave out key data in their articles