RE:RE:RE:RE:Peyto taking a page from Birchcliff...........I now placed in prices to buy in the mid / high $13 range. We'll see if my call lives up to my calls.
mrmomo wrote: petrolia1 wrote:
"They were caught wirh their pants; before. Unfortunatel I held; from over $40 to less than $1"
I'm sorry for your "unfortunate" exeperience and the losses suffered in the stock over the years Mr. Petrolia, but there is time to be invested in these Canadian O&G companies AND a time NOT to be. This time around, imho, it's the latter and a time NOT be in these gassers. Every possible sign is indicating & pointing for investors to be on the sidelines when it comes to Canadian O&G. and it's VERY hard for even the most enthusiastic of cheerleaders to dismss. If you're a reasonably experienced investor, one who's also somewhat reasonable in thought and not clouded by ANY emotional baggage, then you KNOW what the situation is. Then, you just have to know when to be in and when to be out.............
The current environment is just NOT conducive for these entities to do well & flourish. And it's completely nutts to think or believe that Peyto trading at $15 is a bargain with Natgas below $2 at HH is a good thing.......Just crazy what investors are willing to swallow or believe these days and ignoring/dismissing facts solely on the basis of a certain flawed or ill conceived mindset they have.......
That for me.... is just recipe for disaster is you ask me..........
GLTA