sdeutsch95

Black Gold

Viés de alta
NYSE:SBR   Sabine Royalty Trust
Sabine Royalty SBR is a royalty company for fossil fuel deposits in the American South. Regardless of whether the deposits are developed or not, they are inherently valuable. On top of that, SBR has been making fat stacks of cash from whatever they're doing. Each quarterly earnings bar graph towers above the previous one. The next one on May 3 lines up exactly with where I think the chart will break, around $62.50, and then easily will move up to retest the all time highs of $70.50 (after which I doubt it will stay beneath resistence for much longer). The daily candles have already broken 50% on a Fib retracement measured from the all time high to the most recent spring-loaded bounce off of support. I'm very long on this company. Trade wisely, my friends.

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