hello all i came a cross this stock,but but dont know much about oil and gas. Well what i cant figure out if this is a bare or bull market. with the weekness of the us dollar. OR is every sector a ticking time bomb.
Posted by northernprophet on :
I have not checked out that stock in particular, but it is very difficult for start-up companies to build value right now. Rig rates have doubled in the past few years, and land lease rates are skyrocketing. In the Pembina area SW of Edmonton, one company paid $20,000/hectare a few weeks ago. A few years ago that was going for a few hundred dollars/hectare.
Regarding the markets in general,most analysts agree we are in for a slowdown, maybe a recession, and the markets are reflecting that. When people are talking about GM going under, it is scary. They will have to do a new contract with their union to survive.
Posted by diggy on :
Thank you northern prophet you have inspired me to take you my profits.. I bought in at .32 ..at this point its hard not to get greedy.