Post by
JTDOUBLE on Dec 02, 2022 7:29pm
People just needed to be patience..
Bte was trading below 50 cents, everyone bailing out , those who did their DD on oil loaded ..
If you believed in oil going 3 digits, this is time to load up ..
ROE almost 72% and ROA is 20 % ..
Capital employed here has a significant return .
A company with no debts ..
Eventually the discrepancy will return in equilibrium given the numbers it will produce..bte , cpg , cve ,su and Et my plays for almost years when oil becomes negative..
This is all about numbers still think oil has a long way to go here last oil bull run lasted 10 years i think we are just on first innings here ..
Happy to take the dividends here while waiting.. just do your own DD here ..
Comment by
Chefboy69 on Dec 02, 2022 9:01pm
patient??? how's 10 months of holding and gonna hold for 2 more months....that makes 12 months after 1 year...if an investor does not have capitial appreciation then its time to SELL sorry FACT!!!!!!!!!!!!!!!!!!
Comment by
JTDOUBLE on Dec 02, 2022 10:39pm
just different investing styles i guess .. hold bte for 0ver 3 years now with 6 digits shares average at 58 cents .. so 10 months for me is still short . Hold BX for 20 years . When i see there still money to made i stick yo the thesis.. my own investing styles anyway .. however , whatever works fior stick with that .. GL ..
Comment by
masfortuna on Dec 02, 2022 11:10pm
That's not a rule lol! Especially in the commodities sector. I have been buying gold for over 1 year and I am finally seeing some traction. Some stocks I have held for a lot longer than 1 year before seeing anything.
Comment by
Chefboy69 on Dec 03, 2022 5:25am
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
Comment by
JTDOUBLE on Dec 03, 2022 10:10am
It is rare to see a oil company debt free given it is an extensive capital requirements..How many oil companies are their with no debts presently?? 10% dividends, which has a big cushions considering bullish in oil sector..Chef I held CP the longest 35 years..never sold any...
Comment by
Chefboy69 on Dec 03, 2022 1:41pm
10/10 score for this post...clear..no agenda and just straight honesty THANK YOU this is a rarity here enjoy your weekend