JoelAdams00
Long

PWT.TO oil play

TSX:PWT   Penn West Petroleum Ltd.
28 0 2
I am wanting to take advantage of the price of oil             . So i am looked for companies who have the least of amount of hedging, therefore they will move the most because it directly affects them the most.

PWT             and oil             have both created a bit of a double bottom. I became long on April 3rd at 2.19 after the news from Iran talks.
It has crossed the mid term downward trend line.

Will be careful about this long position as if WTI doesn't get to 60 soon and for a solid amount of time PWT             will be bankrupt by the end of the year.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out