Not my usual technical analysis. This is a buy & hold.
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With Russia and Saudi Arabia opening the taps expect this and all other oil stocks to suffer. Any guesses how low oil will go? $30/barrel? $20? $10?!
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I am removing this from my long term deep value ideas. It dropped -72% yesterday. That's great IF the company can sustain it but oil dropped huge and all of $OVV 's assets in the ground just got crushed. The question now is can $OVV remain solvent for the forseeable future?