I wish I could give you a decent answer to that
question (what time frame do I see SEV turning). I can get
the answer started and maybe some of the more
informed about the oil cycle can chip in and help finish
First, we need market sentiment to change. Stock markets
in general are suffering from negative sentiment
right now, to use understatement for emphasis. And the
natural resource sector seems to be leading the pack.
Second, the economies of the world are all weakening
(where I hail from is said to be in a recession) and
that is usually an 18 month cycle. That's a double
negative: bad for market sentiment, bad for oil demand and
hence oil prices. We need that change to occur as
Third, a rally in oil prices is needed. If not from
increased demand through a growing economy, then through
reduced supply. Look east. If the OPEC cartel tightens up
or if war hits that region we may get lucky. About
oil prices that is.
I think we are at the
wrong point in the cycle. Any trend followers have a
more accurate view as to how long oil has been in a
down-trend and how long these cycles typically last? My hazy
memory seems to recall oil prices peaking over a year
ago and that the down leg in the cycle is usually 18
- 24 months. We are certainly closer to the bottom
than the top. Hopefully others can post something a
bit more specific and therefore helpful than
Mosby65 - We'll get rid of our socialist cretins
in government when we grow up and realize that we
Canadians can continue to be "nice guys" without having pay
for (and thereby enable) some of our less ambitious
fellow countrymen (and immigrants and refugees and ...)
And you're right: the BC government slaughtered the
forestry industry ... mercilessly. Having said that, I'm
terribly proud and happy to be a Canadian.
about this digression. Rumour is that they are past
10,000 feet on 6E and that the motherload (said with
cautious optimism) might be in the deep. Let us
The Canadian lala land is where you had hoped to
make your lala mola. You new we had socialist type
governments when you made your investment. Don't now blame it
on Canadian politics.
Ya I'm sensitive to the
derogatory Cnadian statement. I live here. I can leave my
car unlocked for the most part and my front door of
the house open at night. EH!
By the way what the
heck does forestry got to do with SEV. Are the trees
they are cutting down going to a saw mill up here.
Post your concern's on the woes of the Canuck Buck
thread.Did you have a margin call and thus a bad hair day.
Our friend Mr. dhrosier has given us an
informative post about short interest in SEV.(And thank you
for your analysis). Just go to any other thread of a
stock that has lost 2/3 of its value this year
(unfortunately, you have many to choose from!) You will see much
of the same emotional short seller bashing that you
see on this thread. SEV is off about the same as most
junior oil exploration companies. It does not appear to
be the unlucky target of an organized short selling
campaign. This is a higher risk stock with great potential
in its fundamentals suffering in a dreadful market.
My hunch is that over the next month we will see
positive press releases, particularly from the deep tests
on 6E. (Exchange "hope" for "hunch" if you like.)
The problem with releasing great news in a bad market
is that it only has a short term and relatively
small impact on the stock.
I have bought great
companies whose stock has tanked in bad markets before. I
hate to do it but the only thing is to wait it out
with confidence that when the market does turn
patience will be rewarded.
hardly any reason to pound this stock, management
more talking heads to explain the
ineptness of hef, ray and williamson. then, lets all go to
nyc to bs soros and dlj. maybe take some color maps
with us!!!! and , of course, dine at the four seasons
instead of the 21 club.
as management, let's do
everything possible to explain around the issue and increase
these numbers beyond the current 35 employees required
to drill and monitor a couple of wells. that's more
people than participate on this thread on a regular
still, no production and no production histories, just
talk of interference surveys, bla bla
ohhhhhh, it's too many truckloads to haul oil, bare!! let
me take a D9 cat and a blade down there and we'll be
meanwhile, the cost of capital of a
$350 million cap company keeps growing, the yarns keep
spinning and the price keeps dwindling as we here stories
of $30 a share. fat chance!
which is closer $5 per share or $20? $7.50 or
or maybe it isn't. how many would take $18 today and
walk? how many would put a fork in it, if it went to
The market's action appear to show that the
shorts are pounding down the stock at open trying to
cause a selling scare. But as you've also noticed
volume is way down. It's not working. So in the last
twenty minutes or so shorty buy's back trying to cover
Personally I just added to my
position in SEV. And I encourage everyone else to also.
Let's run the shorts off of this stock.
side note. with sev's past history of releasing info
on monday morning and the info that possible logging
was occuring on 3E, let's cross our fingers and hope
monday they let us know they found deep
Just my thoughts madtex...
I guess I extrapolated the positive response of
my gold stocks to the rest of my portfolio. This may
actually be a case where the general market brings SEV
down in advance of good news.
I don't have the
sources that Oilperson and others have, but I've heard
some encouraging whispers about 3-E. Let's keep our