Bids set at .70c for a long to $4, I overlaid WTIC on this chart for a reasonable TP. Looks like sometime mid June we can expect this move as long as WTIC doesn't crash.
Hi @Big_Mike716 I follow you for 3 months and your analysis on WLL is very accurate. I did touch $4 last week. What do you think about the next target (low and high) and timeline? Can you please advise?
Big_Mike716
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@AllView01, this area is not a bad entry, there is a chance for $29 WTIC but im not entirely sure thats happening, would make more sense to WTIC up to $43 maybe even $50 first.. All depends on whether markets stay risk on
trungcrz
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big Mike,
the company is planing to exiting chapter 11 in July. do you recommend stay in or sell out. thanks. ( i'm not understand their plan giving 3% to shareholders)
RaedDababneh
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Hey big mike,
What does it mean for the price when this company has officially announced their bankruptcy ? do you think it still has the potential to drive itself up to 4$ & based on what?
PM: "a guy that never traded a bankrupted company yet "
Thank you.
Big_Mike716
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@RaedDababneh, As far as bankruptcy goes I believe that whiting has protection and the deal is favorable for them but FA is not my thing TBH the chart is showing whiting is done getting sold off from exhaustion there is much room for the bulls here, $60 WTI and favorable regulation from Trump could send this stock back to $9-$14 range in 1-2 years IMO. I'm into OAS as well they have not filed anything regarding bankruptcy and all the big hedge funds r large holders of oas, they will be my LT hold in the oil sector..Regards