TSX:HSE.PR.B - Post by User
Comment by
jwallingfon Mar 20, 2019 1:50pm
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Post# 29512112
RE:RE:Mission complete
RE:RE:Mission completeNot sure if that's the biggest mistake you can make, dinkd. I'm more of a "let your winners run, cut your losses early". I think two of the bigger mistakes you can make, if you're trying to trade: not having a plan and sticking to it, and use of margin.
I agree with another poster here that there's not much downside risk at these prices. Husky is depressed due to the impact of the government production cuts. The balance sheet is rock-solid: C$4 billion cash flow (TTM), debt/equity only .317, C$2.87 billion in cash with more to come from the sale of refineries, yielding 3.6%.
Insiders were active in February, buying over 68,000 shares.
As for Canadian energy, the prevalent gloom points to a chance to get in near the bottom. Market sentiment swings from frothy bullishness to hopeless bearishness. I think were much closer to the latter.