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Up 44.26% in one day!

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,102
113


My stock went up 44.25% today. Usually it is something to celebrate. I bought the stock @ $3.50 and it went down to $0.47 this month. It will be a long time before oil stock like Whitecap and Torc go up to its previous levels. When things get better there will be a bounce, but not to previous levels. To get out without a loss, I am buying 3 share for every existing share at these low prices hoping that things even out.

At these low levels you are sure to double your money.

Always remember, be a bear, be a bull but do not be a pig. If you buy now, some time within a year it will double. If you get greedy, you will pay.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,102
113
The frackers are getting slaughtered, when the smoke and dust clears the Russians and Arabs will be will have a clear path to higher prices...........that is until the pipelines come online.
 

daywalker11

Mongerer
Dec 27, 2011
507
107
43
Toronto
If the rumours of an OPEC meeting and production cut come to fruition oil will be back in the $40 range in no time at all. XLE, USO and HOU.TO can all be big winners.
 

Ceiling Cat

Well-known member
Feb 25, 2009
28,188
1,102
113
Oil at $40 is low, The Russians and Arabs wanted to kill the frackers. They increase production to starve the frackers out. At $26 a barrel oil is at below its production cost. I think the Arabs and Russians will keep oil low for 6 months at least. Will we see $40-50-60-70 oil. Most certainly, but when? The $40 oils we will see in 12-18 months.
 

Spacealien2

Well-known member
Apr 29, 2012
1,838
177
63
Heaven
Trump can't afford to have a low oil price. If the saudis and russian won't cut production, Trump will impose tariffs.

This has to happen in a month or so. Plus is it hurricane season in the summer! No oil production!
 
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