RE:RE:RE:$80 oil to $72.50 in a week? ....... & Stock for 'Nukester'A rising tide floats all boats.
The trick with oilers (or any type of producer i guess) is finding the right balance of downside risk vs upside potential. Had mixed success with the juniors through the years. Lost money on the likes of oilsands quest. Made a few bucks on Surge, never really trusted a lawyer to run an junior explorer,but it worked for awhile. Decided to upgrade to whitecap, they were a much better company than Surge in many respects at the time. During the covid bottom, I layed in a nice position in Suncor. Zero exploration risk, long life reserves (compared to conventional oilers).
I never really got rich, but I did OK, lots of headwinds with oil, but at least I had the macro picture figured out.
I always heard about Headwater, buying up various companies. Never really got around to researching them. I will check them out.
The guy that really impresses me is Tourmaline's ceo. That is a company I would love to own, but never understood the value until it was too late. I am too much of a cheapskate to pay full price today.
Cheers,
Nukester