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Sunday, May 03, 2020 11:42:58 AM
32 out of 50 states are reopening.
Chinese economy has reopened already. there is massive pent up demand for oil there.
almost all of the global economies are reopening.
https://www.msn.com/en-us/money/markets/global-oil-demand-starts-a-long-painful-and-uncertain-recovery/ar-BB13xfsJ?ocid=spartandhp
QEP is one hell of a buy for the next several week. that is right. it is going to run for months.
it is extremely undervalued. it should be trading around $4.50 to $5.
just look at the earnings report they just produced:
they beat the street estimates by 2000%.
they also have significant institutional ownership. those fund managers know what they are doing.
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