RE:RE:RE:Ugly stock You know ? I have to agree with you Dogacat ! Today was a tough one. Seeing the price fall especially going into the weekend ! You know part of me said sell at 8 dollars. Take your profit ! Just the shitty thing , is I made a commitment to buy good stocks with dividends and capital appreciation potential. I doubled down on energy when it was close to bottom. I did very well , but I took larger risks than I would of liked, and these stocks I did well on ....3 of 4 used to have dividends and all of them didnt have dividends when I moved my chips into play.
I usually don't throw good money after bad , but like water or air , we need oil and gas ! So I bought and I sold once I doubled my money , and I could of made a bunch more had I rode it out. I consolidated into 2 stocks on this space. Cardinal , a buy out target and has Carbon capture , and whitecap .
Well I made Whitecap my main holding of the two because of the safe dividends, incredible balance sheet in this market and in comparison to its peers , and common theme. Carbon sequestration!
I just want to let you know how right you are about me taking knives ( can't catch them all ) I could of sold around 8 to begin ! However if I was to sell them
all at once I would not have gotten that price .
So you are right in hind sight ! I won't lie if I had a Crystal ball I would of sold there , and I would of already bought back around 7 . When I added another 4200 shares , when others here added.
I don't have a crystal ball , and I made a hard promise to myself that I wouldn't trade . It's so hard to stick to this ! I am a entrepreneur- business person , type
A personality . I am humble but in truth I have a massive ego . I also try and give back at this stage of my life so I take the time to explain myself so maybe someone can not make the same mistakes . Of course this doest apply to you because you have the crystal ball , but most of us don't .
So we rely on the facts !
1) the price of oil is above 45 dollars where whitecap makes whole all there commitments.
2) it's above 55 dollar oil where they can grow the dividend , buy back YOUR SHARES
3) it's above 65 where they have made there assumptions
A) they have 485 M DCF .
B) that puts them debt free in under 2 years , while paying a dividend .
C) CARBON SEQUESTERING - cost to drill advantages - credits , or even revenue while filling a hole keeping decline rates near zero ? Unheard of ?
I actually have a price I will sell at So I am hopefully not here forever under my current written out objectives .
I could come back after I sell , but I have no idea what those perimeters would look like .
The target price I have isn't close to 8 dollars , and once again I don't have a crystal ball ! So if I had sold , and it went up I would of lost a whole lot more than what it's at today . Keep in mind the fundamentals haven't changed , so my process has not changed !
Oil is at 75 plus , oil might come down some yet . However we have the cold season yet , we have air travel yet to really come on line , and in looking out 6 months from now we have a trillion dollar infrastructure bill that will in action creating if not the perfect storm in the first 6 months of the year , we certainly have a floor there somewhere , and I don't think it's 44 dollar oil ? Not to mention gas .
So ita hard for me to see I could of sold looking back , but I get shares invested every month at these lower prices , to make me feel better later on when the price comes back 3 to 5 dollars maybe more .
So your 100 percent right about Catching knives .
Sucks to be me !!
Thank you again
Craig