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What do you think about BQI?
I've been looking at it for a while and it spiked on Friday. I'm predicting that it'll drop as soon as the market opens.
Best Answer
304 points
BradOK answered one year ago …
Technically it looks great - not sure what the news was but it seems to have just gotten a shot in the arm. As most people know the oil sands have been notoriously difficult to extract crude from (it's a costly process). So just remember, if you decide to take a position here, it should probably be with some speculative money. The trend is definitely in BQI's favor though.
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269 points
stocktraderdan answered one year ago …
I think BQI is a great long term stock. As oil becomes more expensive alternative processes become more attractive. Oil sands is not profitable at $50 a barrel, but at $200, for example, it becomes really profitable.
As for it dropping on Monday, who really knows until Monday. I'm sure there will be a pull back. At that point you may want to consider entering a position. Do keep in mind the stock is volatile and it should be considered a speculative position. Keep your position small.
Oh, I should disclose that I am currently holding BQI in my long term portfolio.
