02-12-2015, 03:50 PM
Without having any deeper knowledge of the company:
If you look at the past years chart, you can see that the price has dramatically increased since August. Surprise surprise, that's also the same time that oil started to get cheaper. Now this is just my personal opinion, but there is no way that oil will stay at these prices for longer than 6 months. I'm horrible with time frames but the current price just isn't profitable for a lot of the oil producers in the long run.
So ask yourself this, if the price of the stock jumped around 40% when oil dived, what will happen when oil bounces back up?
On top of that there are other worries such as extremely tough competition.
And the fact that I've flown with EasyJet once in my life and out of the tens of airlines that I've used it's one of the two that I would never ever recommend to anyone. The other is Ethiopian Air... so that should give you some sort of an idea of how amazing I think they were.
If you look at the past years chart, you can see that the price has dramatically increased since August. Surprise surprise, that's also the same time that oil started to get cheaper. Now this is just my personal opinion, but there is no way that oil will stay at these prices for longer than 6 months. I'm horrible with time frames but the current price just isn't profitable for a lot of the oil producers in the long run.
So ask yourself this, if the price of the stock jumped around 40% when oil dived, what will happen when oil bounces back up?
On top of that there are other worries such as extremely tough competition.
And the fact that I've flown with EasyJet once in my life and out of the tens of airlines that I've used it's one of the two that I would never ever recommend to anyone. The other is Ethiopian Air... so that should give you some sort of an idea of how amazing I think they were.