Value Microcaps Junior Energy

[Tim Lamb]

Well in this carnage I think CNQ on a retest of its lows down towards $7. Then the dividend is over 15%.

I still like TXP.TO with their new discovery in Trinidad & Tobago.
I think NG bottoms (last week might have been the test of April 2nd low) with all the shut ins which will be occurring in the next few months.

The problem with liquidity with a credit line is the line dries up pretty quick when the underlying asset goes from $40+WTI to $20 or below.

I like Eric but we are in a depression in the oil patch. Will last for at least a year. Similar to the early 1080's.