The whole sector just took off. Oil was down 1.5$ and now up 1 dollar. Oil stocks held their ground this morning during the fall. Usually they would sell off. Time to set sails for Richland.
Many oil stocks are up today. This is what I have been waiting for to buy. Support among holders. No selling today.
next stop will be 5 dollars. The sour milk has been spilt and investors want the PPS to go to a normal area of trading. It is artificially low do to the pizzed of analyst who didn't see the divvy leaving them temporarily
The debt to equity is 2/1 . This is not uncommon but high. The Assets are twice as cheap as before right now. If oil goes back up so does the assets and reserves. Oil goes up to 60 dollars the middle of next year and 70 within two years and we triple our money. Analysis on the bottom is bleak and false in nature. Short sided analysis in the bottom of the cycle is worthless. Normal cycles and normal prices will tell you more. I would be a buyer here as the stock is only gaining momentum. When it hits four dollar retail will go crazy and at 5 institutions kick in with the shorts panicking all the way to 5.
The world runs on oil. The cheaper it gets the more we use it , GAS will replace coal in time. OPEC has made America become self sufficient. The ARAB oil and war mentality is not needed. They will destroy one another in time.
LOAD SZYM also as they have a few big customers now. I think the business plan s about to come together . If right both these companies could walk right into the teens. They will be the toast of the town.
im adding. its not just me the chart shows. triple by the end of the year. THIS company has made powerful friends. Powerful agreements and more powerful of discoveries. WE don't make the product but make it better one said.
I follow the industry as a whole. One company is meaningless in a cycle industrial down turn. The historic norms will return. The charts and fundamentals are in place for a good next year. The company is a survivor and your time is up here.