RE: Evening12 Jan 2021 06:56
There is a big seller atm, perhaps wait until it's broke out? Btw, I sold out of BP yesterday, not only because of it's debt load, but also due to (I think) that there could be another oil crash. I will continue to hold UOG as I think it will be fine in the long run, strong Balance sheet and due to it is funding itself with existing cash flows, impressive. It could weather very low oil prices, $50 dollars is still low btw, many big oils are getting hurt badly and let's be honest, the weak dollar and cut supply is the only reason Oil is where it is.