Long on ARIS -
Contracts with leading oil companies (Chevron / Conco etc.)
Recent IPO with IPO price serving as Support
Oil Stabilising around 90-100 $ / Barrell
EBITDA +54% YOY
No Long term debt
EMA Upward trend
Tight stop as always
Contracts with leading oil companies (Chevron / Conco etc.)
Recent IPO with IPO price serving as Support
Oil Stabilising around 90-100 $ / Barrell
EBITDA +54% YOY
No Long term debt
EMA Upward trend
Tight stop as always
Trade closed: stop reached:
No getting away from this one - horrible trade - keep on watch though