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quote:
Originally posted by WineTrooper:
I’m curious to know if you guys have BTE and if so did you sell it after that run?


Unfortunately, no. Up more than 5% today. I have owned it twice in the past and am watching it.

They will also benefit from a lower spread between WCS and WTI prices. The current $15 is much better than the almost $30 at one point in Q1.
quote:
Originally posted by bfw:
quote:
Originally posted by WineTrooper:
After reviewing your oil company recommendations I did buy CPG and have made some dough on that one thanks


Good stuff! BTE has been the real outperformer lately as it appears heavy oil supplies are tight with the Venezuelan collapse.

I'm holding tight for now.

The other stock I keep buying is TH.to/THERF. The market is still clueless on them as I see their peak earnings at over $3 Canadian in a few years.

bfw



Oil continuing to gradually strengthen.

It will be a bumpy road but some are already calling for $100 Brent this year. I’m not quite that bullish but am happy to hold many oil equities.

TH.to/THERF is flying lately as I think the market is finally recognizing it. Plenty of room on the upside still IMHO.

Bfw
My pleasure. In full disclosure I have no system other than following it all day every day and getting a feeling for how it trades and the range. I look for a few days up or down in a row with it at or near a top/bottom of the range. Then I jump in for the bounce back taking a solid profit but not worrying about grabbing the last dollar. I claim no intelligence or skill. Im probably just lucky but I have managed to gain 25% on IRA YTD.
quote:
Originally posted by bomba503:
My pleasure. In full disclosure I have no system other than following it all day every day and getting a feeling for how it trades and the range. I look for a few days up or down in a row with it at or near a top/bottom of the range. Then I jump in for the bounce back taking a solid profit but not worrying about grabbing the last dollar. I claim no intelligence or skill. Im probably just lucky but I have managed to gain 25% on IRA YTD.


it's called "mean reversion" =)
I actually sold portions of BTE, CVE and CJ yesterday.

I thought oil might be getting extended short term.

Anyway, I ended up plowing all that money in to ATU.V as they made a transformational sale and are aggressively moving forward with drilling. (Altura Energy). I think this name will quadruple in 18 months.

Finally, my TH.to/THERF has been a big mover lately. Prescriptions for their new drug (Trogarzo) are exceeding expectations. I think TH.to could hit $30 in a year ($24 or so for THERF).

Bfw
g-man posted:

It's a good time to reassess the price of oil after the drop.  As noted 3 months ago wti 75 was a possibility but market seems capped at wti 73 for the technical resistance.

Be interesting to see how consumer demand is during this memorial day weekend with high gas prices at the pumps.

I’m chuckling here. You were quite bearish oil and Brent hit over $80 with WTI just under $73....in May!

Anyway, as posted here , I sold some chunks 10 days ago or so and it worked out well. I expect the OPEC jawboning gives the bears a chance to test $66 then $62 on WTI in the next few weeks prior to the OPEC meeting.

Then, OPEC will at worst just decide to replace some lost Venezuelan production and the oil market will move to bull mode until the Fall. I expect $85 for Brent and up $78-80 for WTI in July.

On another note, my TH.to/THERF closed at another all time high today. The market is beginning to comprehend their earnings power and my target is $30 Canadian next year so a double from here. First shares bought at 30 cents

 

bfw

bfw posted:
g-man posted:

It's a good time to reassess the price of oil after the drop.  As noted 3 months ago wti 75 was a possibility but market seems capped at wti 73 for the technical resistance.

Be interesting to see how consumer demand is during this memorial day weekend with high gas prices at the pumps.

I’m chuckling here. You were quite bearish oil and Brent hit over $80 with WTI just under $73....in May!

Then, OPEC will at worst just decide to replace some lost Venezuelan production and the oil market will move to bull mode until the Fall. I expect $85 for Brent and up $78-80 for WTI in July.

bfw

Nope, still stuck to my original assessment, no way WTI is hitting 80$.  And I certainly wasn't bearish, I said 75$ was certainly possible and went in on BP.  I was just no where near as bullish as you and still ain't!  =)

g-man posted:
heh not saying they aren't legit,

but that sounds totally like a boiler room type of trade.

hopeuflly he's more correct than goldman predicting Brent @ 80$/barrel in the short term

Hey Gman,

Do you remember writing this a few short months ago

You do know that Brent hit over $80 right

Looks like Goldman had the last laugh on that prediction.

 

bfw

bfw posted:
g-man posted:
heh not saying they aren't legit,

but that sounds totally like a boiler room type of trade.

hopeuflly he's more correct than goldman predicting Brent @ 80$/barrel in the short term

Hey Gman,

Do you remember writing this a few short months ago

You do know that Brent hit over $80 right

Looks like Goldman had the last laugh on that prediction.

 

bfw

bfw posted:

"Perhaps Goldman is anticipating this with their recent call for Brent to hit $82."

The call from goldman was brent to hit 82.  It went an intraday of 80.5 like 3 days ago before promptly dropping and closing at 79.80, then took the next few days to hit 76.44 because as I've said, people are underestimating US production which I was spot on about.  Political tensions is what causes the recent run up and unfortunately I can't control the big orange idiot in office so I can only buy on the rumors and sell on the actual news in this market environment.

So I took BP from 41 and up fro the ride at 47, and sold as soon as I saw the US production numbers.

But Sir, I've been far more accurate on oil predictions than anything you've been saying so far =)

How's your blogger's trade idea working out right now?

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