RE:RE:RE:RE:RE:RE:RE:Dec 2023 report...I will dollar cost average down when I have missed the bottom and the share price falls way further down than I thought it would go which means I totally missed the bottom or some kind of black swan event occured.
But picking close to the bottom right off the bat is way easier and much more satisfying.
GLTA
stockmarket1 wrote: As we all know the bottom is never achieved day to day but.....If u believe in Peyto longer term? Then that is where the power of dollar cost averaging comes into play.
Quintessential1 wrote: I find myself agreeing with a lot of what you are stating but I do have another question.
If we are not aiming for the bottom here, what are we keeping the powder dry to buy?
GLTY and all
houbahop wrote: "The question remains: Where is the bottom? Where is the bounce going to happen?"
Don't we all know we'll have the answer weeks after the fact?
The real question is: Where to buy some shares when the risk/reward is there?
The dividend yield is not a parameter in finding the answer, in my book.
Actually, it could be your worse ennemy if the EXPECTED probability of a cut increases.
Look at the leaders behaviour: TOU.to or EQT on the NYSE, you might find a clue.
Natgas futures will also give you a hint but relies greatly on the weather, and it's not good news.
There is way too much oil and gas on the markets. Oil could be the next victim and
there goes the liquids profitability of 14% of Peyto's production.
Keep some powder dry, it might reward you much more than trying to chase the bottom.
AIMHO