For GT blog March 12, 2008
Forget those Oil Sands plays - We used to call it the Tar Sands
Yes crude is over $100 but it needs to go to $150 to help the tar sands players because they have lots of problems to overcome
The environmental issues are huge - water - green house gasses - provincial royalties - rising costs
The chart is technically over bought and building a large bearish Broadening top formation
The short - intermediate and long term stochastics are all topping at the same time
Sell this puppy before it grows into a mature dog!
Bill Carrigan
Forget those Oil Sands plays - We used to call it the Tar Sands
Yes crude is over $100 but it needs to go to $150 to help the tar sands players because they have lots of problems to overcome
The environmental issues are huge - water - green house gasses - provincial royalties - rising costs
The chart is technically over bought and building a large bearish Broadening top formation
The short - intermediate and long term stochastics are all topping at the same time
Sell this puppy before it grows into a mature dog!
Bill Carrigan
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