The chart looks to have a really long double bottom pattern. The chart shows a nice up trend from February with some pretty big swings. You have to have some fortitude and you want to be with the best group. You have to be prepared for some volatility. He would be pretty comfortable buying this today, but you have to be ready as oil can change around.
They decided they would not go forward with the LNG project. They are looking to spin out that project. Depending on what happens with LNG tax in BC, there could be value there.
The company is working on being really nice and lean. They divested some holdings that they didn’t want and are going to be looking to acquire other companies.
(A Top Pick April 18/16. Down 2%.) Got out of all his pure energy plays last October. He is just now starting to raise his energy component, and this would be a good one now.
The chart looks to have a really long double bottom pattern. The chart shows a nice up trend from February with some pretty big swings. You have to have some fortitude and you want to be with the best group. You have to be prepared for some volatility. He would be pretty comfortable buying this today, but you have to be ready as oil can change around.