Cuervo Resources Inc CRVNF

jamieb3 - Linder on FE - RoBTV FEB 14

[beckalodeon]

Well, I left the country for three weeks and have apparently returned to a bit of panic. Very juicy. If FE gets to the 6's, I'll be buying again, although the beer is a fine idea as well. Seems as if many newer retailers have gotten used to an all-energy-all-the-time portfolio that does nothing but go up. Now, it's pain time and starting to become interesting. I think Feb/March will be a lot worse for energy names than October was, and this sell-off isn't nearly over. There is very clearly a short-term oversupply of NG that could take months or even a year to clear. However, as usual, the sell-off will get overdone, and there will be bargains to be had for the more saavy and patient longs. In the meantime, maybe buy some MFC and T, and, for pain-taking solace, have a look at a five-year chart of Micky D's: https://finance.yahoo.com/q/bc?s=MCD&t=5y Oh, and I might also mention that Alberta's natgas production peaked in - get this - 1984. - Beck ------------- "What you're seeing now is a lot of retail investors being seriously spooked and selling" What you're seeing is a whole lot of painting the tape. I do not believe that $7.75 trade yesterday, then again I didn't believe the $8.55 last week either. If we get down to the $6.65 territory I am shtting down this computer and going to for a beer til about June.

[jamieb3]

I sell 1000 shares on opening and buy them back during the session, but that's about all I do with my Find position anymore. It's a trader and that's about all. At some point in time Nat Gas will spike again and I will probably sell the remainder of my original Lexxor shares and move on. I once thought Find has a chance to develop into a dividend-paying mid cap, but I don't think

[beckalodeon]

Interesting... so you're shorting intraday, and not holding the position overnight? Likely a good idea, as it would be pretty painful if FE got taken out. You seem disappointed/frustrated with FE not due to its results per se, but rather due to the currently negative commodity price and share price environment. At the same time, you clearly believe in the longer-term natgas story. That

[beckalodeon]

Oh, when you said "I sell 1000 shares on opening and buy them back during the session", I thought you meant you sold them short at the open and then covered later in the day. I see now that you meant you sell the long position purchased the day before. Personally, I've found trading income trusts far safer and more lucrative, as the yield tends to put a floor under the units (and

[jamieb3]

I have been looking at Daylight (day.un) as a trust play but haven't pulled the trigger yet. It was actually down to almost $11 today which gives it a 19% yield. I may swap right out of FE and into Daylight and just let it ride. I agree ECA is interesting. They are probably going to own all the nat gas sooner or later.

[jamieb3]

That isn't shorting a stock. I trade 1000 shares, not always for a profit.I got burned at $10. I hold a good deal more than that long - over 2 years now. I have no other nat gas plays and wouldn't advise anyone to get in or out. I like CEK, PDP,CLL and CWPC, but I don't think any of them holds a candle to FE value-wise. FE is a real company with real earnings instead of vast unrealized

[jamieb3]

It would be a long term hold. Looks like its in the trough right now and the yield is outstanding. I came across it because it was one of CIBC Energy mutual funds top ten holdings last year. Probably the best run energy fund in Canada, so I like to track their stocks. BTW have you noticed the trading this AM? What a joke. 200,000 opening sale by Blackmont then a couple of 100 share sales

[beckalodeon]

Interesting. What's the story with Daylight? Also, would this be a trade or a longer-term holding for you?