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Wednesday, December 18, 2019 1:00:14 AM
DNR $1.4 +7% $WTIC $60.87+1.1C% DNR rallied up to the 200ma today has been mirroring the price of crude with a leveraged return just like I predicted back in OCT. There was several weeks to buy DNR .95-$1. Eventually crude prices will go much higher again and so will DNR. DNR PE is less than 2. For every $5 the price of crude goes up DNR makes an additional $100mil in revenue. This is why DNR has a growing number of big hedge funds buying it.
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