RE:RE:Here for a few millions not hundreds or thousands I love these stories. Thanks for sharing. Manitoba too.
Keep them coming. It took a lot of courage to not only stay invested in March-June 2020, but to add at those levels. Every penny of profit is well earned and deserved. Bankruptcy was a realistic probability at that point.
Let's hear from others. How has BTE and this oil bull changed your life?
And let's all get together to say thanks to all the greenies and left wingers including our friend Biden who have created the most ridiculous investment opportunity I have ever seen and no one will ever see again for 100 years or more.
CAD O&G producers are STILL all cheap despite the epic run from the bottom. Hold onto your hats, this has been and will continue to be a lof of fun.
Raise your glass "To the greenies"
Boulter wrote: Congrats on your success.
I have not yet made $1M on BTE. I hold more shares but at a higher cost base. The gains on my energy shares in the aggregate though are over $2M.
I have the great advantage as an investor in that I don't need money. If it all goes to zero, I'll still have the same shifty life, but back in my 22 foot sailboat instead of the 39 foot acquired this year.
So I am going for it, to be a philanthropist and leave a large legacy. It is what life offered me, so I am going with it.
After leaving 2019 with ~ $1.9M, I continued buying more energy and selling other holdings as things got more and more ridiculous. Eventually troughed at about $270K. Hit about $4.6M two Fridays ago, today about $4.1M. First revised PEY dividend of $0.05/month or ~$6000 arrives next week. I think the annual family income tax bill is heading to the $40,000 range LOL.
Sunday is the Christmas performance of the charity that so far has received ~$50K via two stock donations. I had the pleasure of meeting the 6 young ladies who were the recipients of my (well our cuz it is my wife's money too) award back in October. I have 133,000 BTE at $0.54 cost base in my margin account that will mostly flow here over the years, hopefully at a number much larger than $4/share.
Don't mistake this for generosity. It is not. Not one penny is any money that will deprive me of a material good. It is a quiet desperation born of a tragedy over a half century ago. For a few minutes I get to stand with someone else's daughters because the vicissitudes of life stole from me the opportunity to stand with a daughter (or son) of my own.
Well ManitobaCanuck. That is my BTE windfall story. Who is next?