Post by
wealth2015 on Dec 09, 2022 9:25am
on sale
it feels to me that on-sale sign is almost gone, tax selling for some or buy for others is closing imo
Comment by
L.A. on Dec 09, 2022 11:22am
Wealth2015, yeah I can hardly wait for Dec to end as I think Jan will be much better for us! The work over will be complete and we can complete the test. I expect axe to announce much larger tests early next year where an oil sands company or companies will use RFXL technology on half a pad.
Comment by
mctrader on Dec 09, 2022 11:40am
If it proves to be cheaper than SAGD, that in itself should raise interest from oil sand companies.
Comment by
Saskisnow on Dec 09, 2022 11:41am
I think so too, I'm curious to see if the price busts through .42 -.43 on the next run or if it retreats a bit again. I was glad to pick up a few more shares in the .20's, I hope to be more glad next year.
Comment by
JeffreyS on Dec 09, 2022 7:33pm
Wealth2015: Glad to see your returned as a shareholder. I have kept adding to my position as well. I think this one needs actionable news before any runup in sp. By that I mean either operating results or contracts. Don't have an exact date on anything, but likely some news in the first half of 2023.
Comment by
JeffreyS on Dec 10, 2022 6:59pm
Weath2015: While I am sure you have done very well with trading AXE, I suspect that at some time in the next three years, AXE will have a blow out run up in sales price either based on the company being bought or on a major contract or contracts. My preference would be just too wait.
Comment by
JeffreyS on Dec 10, 2022 7:02pm
Wealth2015: Also, sometime in the next three years there probably will be a huge runup in oil prices. At that time this link shows the true potential of AXE. Go to bottom of the page. https://www.acceleware.com/rf-xl/lowest-cost.html Look under "Better Barrels."
Comment by
JeffreyS on Dec 10, 2022 9:18pm
I still hold that opinion. But we still have follow the maxim: "Everything in it's time."