I've become bearish on the whole oil patch, in part b/c today's 3$ drop in crude was something of a shocker. At the moment I'm not inclined to sell my tiny positions in tplm or pgh, but neither am I adding to them.
luck to all
If there is general market weakness, junior oil stocks tend to suffer the most. The 31/12 may be a major market top so we may have a way to go yet and an opportunity to buy at better prices.
Sentiment: Strong Buy
Agreed. What you want to do is very slowly and safely accumulate a modest amount of wealth so that one day maybe if you're lucky in your late 60s you'll have enough cash to move down to tampa with your fat wife and retire. Maybe play golf a couple days a week at the public course while your wife discusses knitting patterns with the gals?