LOTS of delusional & OuT-to-Lunch folks....still on this forum.......and THAT"S the problem. These are the same folks, most of whom have been holding on to these O&G investment going back years.......some maybe even going as far back as a decade with a losing position for all that time in some of these investments.......and most of these folks are either unable or unwilling to adapt to changing markets....always having the SAME loser mindset & thought process.
THOSE are the folks you should NOT listen to ....IF you're looking for advice of where to invest & are intent to make actual money in the stock marekt........i could name WHO those people are BUT i'm guessing ,most of you already know WHO they are...... 8)........
In regards to Potadvisor's comments, IF Potadvisor is indeed Topadvisor.......i may not agree with eveything he says BUT he's spot on here as both him & I were 100% spot on during the lows of 2020. We had our differences which was the better investment back then, BUT we were nevertheless on the same page on where the WHOLE sector was going, as we are on the same page RIGHT now of where its headed.....
When 2020 was a once in a ;lifetime opportunity to go "ALL IN".... now is not the time to stay invested in O&G, especially Canadian O&G.....thinking these are bargains & still have room to run. They arent .....on both counts. There's only two reasons to be invested here now, passive income (as long as your entry point is low enough!) & some potential M&A. That's it!
And it's SOLELY for the latter, that i have a VERY modest position in Crew, which is now under water even for me lol. Hopefully for those that have a much bigger poistion & have gone unfortunately "ALL IN" here, you better hope Crew mgmt has smarten up since then & are considering some "strategic alternatives" or face the possibility of them ....and YOU as well!.....of riding this ALL they way down back to a $1.....again!.... IF Trump gets into office....
GLTA