Re: Running the hell out of those momentum players into a 3 day weekend. Ouch on WTI.
Long term I like MEG as well , given their situation with hedges , no debt due until 2024, torque to the oil price, 50-60 yrs of reserves, lots of value. Looked overbought to me and I thought we might get a sell on news today so sold a bunch this morning, not all. That pullback was enough this afternoon for me to buy it back. Don't typically day trade but didn't expect a 20% discount to the price I sold at just a few hours later. Huge volume on MEG today, almost 20m shares traded against typical volume of 3.2m.