Yes, you see how its been holding at that bottom price of 1.60 Cdn (1.12 US) since December. It hits it and bounces above it. I like those 2 longs also. I think that we will just have to continue to be patient.
I only have a 5% portfolio balance in EEE now (have been doing very well in non-O&G related stocks) and have averaged down to 2.46$Cdn cost, so I can afford to wait it out. Even if it does not pan out, which I don't believe will happen, I won't get hurt very much. Unfortunately other investors may not be quite so fortunate. It isn't only EEE, a lot of the oilfield related stocks are suffering - in spite of the favorable prices on oil & gas. Investors just seem to have shied away from the industry.
There is a site www.stockscores.com. This site provides a technical rating to shares. Go to that site and check out EEE both on Toronto T.EEE and the Amex EEE. Over the past week there has been a huge improvement in EEE. Also, up until the end of last week EEE was higher than T.EEE. Now T.EEE has leaped ahead. Check it out - very interesting.
Thanks, Bearcat. Have added this site to my favorites. Important to know what others think of potential investments. Yes, have noticed previously with several stocks, that opposite daily trends occur between the Cdn & US markets.