jleer42 wrote: Anyone with a keyboard can post on stockhouse so you get the good with the bad. Here is what I do to keep my sanity:
- Don't assume every "dickish" post is intentional, sometimes things just come across wrong.
- If posts are inflammatory I don't usually respond. You will never win an argument with a troll and what is the point of getting in the mud with them.
- If someone is cluttering up a board, I use the ignore button. Volume of bad/troll/agenda posts is the determiner for me.
Regarding Gear, I have owned if for over year and half and it is double for me at these prices. Like most of my oil stocks I wish I sold more of it last June, but that ship has sailed. I believe Gear, without a big re-eating, should be selling around $1.50, if it gets back there over the next couple months I will evaluate if I want to sell it. Longer term I think Gear should be $2, but that will require an O&G re-rating, which I think is coming.
Gear's assets are not topline and have higher costs, therefore it has more torque to the price of oil. Gear's net surplus (money in the bank) decreased over the last quarter, but increased over the month of October. It's due to CapEx differences, make of it what you will. I think the dividend is safe above $70 oil but the stock will do nothing, consistently above $80 the stock will slowly move up, and for $90 and above the stock price can show serious appreciation. I will not be surpised if Gear becomes a takeover target, but I'm not counting on it.
I like Ingram and his decisions, I like the zero debt, and I like the dividend. My crystal ball usually fails me, but I see holding Gear until a re-rating in O&G happens and then selling to concentrate on other assets with longer term holdings.
Just my two cents, best of luck to all.
Chefboy69 wrote: as an investor, the contributers on this board are obviously traders,
I held Suncor for 2 years....and got 3 a bagger..I have held stocks for 10 years....
I bet i have had stocks longer than any of you......
I asked a simple question and all i got was attacks and made fun of..
very helpful AND very telling
thanks eveyone