oil up 8% and pvx gives up ground? bad sign, the mo is out of this one. i hate to close out as i have loved this for several years now and may get back in in future but if we give up ground today = bad sign
It is pricy right now but so is the price of oil. Provident has also got heavily into NG and thinks it's one of the promising fuels of future times. I don't know where you can get the comparable return especially with a decent dicy. But hopefully you have made a great return and have another strategy to get a similar return. They are not as strong or as big as Pennwest or Pengrowth, but they are much more expensive to get into and the return is not that much greater. GLTU and happy investing. FWIW JMHO!
Big mistake. The drop is a normal over-reaction to what is going on overseas right now. Oil can only go up if the supply is disrupted. Canada is a long way from Africa. If the disruption causes any kind of sustained reduction in supply, we may see this stock return to the 10+ levels of the days when oil was 100+. I may be all wrong, but from what I have seen in the past, supply drives price, and price drives revenue. JMHO. As always, good luck to all.