RE:RE:RE:RE:RE:CJ and Nuttal@JayBanks: I hear ya. I made some fairly poor investment choices when I was younger and just started out investing -- fortunately, I had much less money to invest with back then.
Prior to COVID, I had a decent sized position in CPG with an average cost base of C$4.84. I remember when it dropped in early March 2020. By the time I fully appreciated how bad COVID was, the share price had dropped to below C$1.00. At that point, I had lost nearly 80% of the value of my money and it made more sense to just let it ride rather than take back the paltry amount that was left of my investment in CPG. I averaged down a bit, but only after the vaccines were found (in the ~$2 range). I ended up with a ACB of $3.70. Fortunately, it went back up once the vaccine was created.
I have been trading in and out of various oil and gas stocks since then. If there are any stocks that look relatively more undervalued than others (and has adequate liquidity) I take a position in that company. I sold out of my position in CPG when it entered the mid-$5s in March and recently re-established a position in it when it dropped into the $4s. On the CPG forum, I have pubicly said that I will sell at least 1/4 of my CPG position if it hits $6 this week. Let's see if that happens or not.
You have to take what Nuttall says with a grain of salt as he is looking out for his nterests and those of his fund's unit holders (as he should). However, he has been an excellent commentatory and advocate for Canadian O&G. I find following him on Twitter has helped guide some of my investment decisions, although I always do my due diligence before I take a position. For instance, I bought Gear (GXE) on his recommendation and recently sold out of that position to buy more CPG.