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I got a friend interested in this stock and his response was "this is a bigger rush then going to a casino". At a casino you could place your money on black or red but on this board I bet on BLUEspruce. He is adding so I am adding.
1/ Weakness attributed to cyclical precious metals trading with historic weakness in May. 2/ End of month selling. April end of month was what got us to these lows in the first place. 3/ Lower price of gold and high price of oil putting spot light on the "Black gold" 4/ Spring break for drilling, problems with labs being slow
UPSIDE 1/ Multiple properties that could report at any time. 2/ Resource in ground is not going anywhere 3/ Inflation is happening even if you are told it is under control. Look at what you pay for fuel, groceries (Beef and Poultry are currently held down in price because of selloff in inventory as no one can afford the price to feed the livestock. Once this selloff is over price will climb sharply). Inflation in Europe today was 3.8% which could trigger higher interest rates putting more pressure on greenback 4/ Current low price leaves little risk on the down side 5/ BLUEspruce has been buying and he is the my most respected poster
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