RE:RE:RE:RE:$80 oil to $72.50 in a week? ....... & Stock for 'Nukester'nukester wrote: 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
Nukes,
Thing about the CEO gang in the resource sector, they all have varying strengths and skillsets.
The guy who can build an explorer from 0 barrels to 5k barrels.
The other guy who can take it from 5k to 25k.
The other guy who mergers it with another co, send combined production from 25k to 75k.
You're talking about Mike Rose at TOU. Exceptional track record. Likes to build big and sell.
My dad used to laugh when I talked about
Duvernay Oil and Duvernay Shale, he thought I was buying a French Winery, Dubonnet!
Neil Roszel is kind of like the swashbuckler, mini version of Mike Rose.
He is a geologist at the core. A rock hound. He studies. Sees value and proves it by getting the oil flowing. Probably a logistical genius.
The
Kasking of the Clearwater.
They are all successful in their own way, I'll keep riding with Kasking and GH.
Those are my horses.