RE:Topped up today
nutbar made a huge mistake and he knows it, you can't time the market and he tried to and went all in. he could be 6 months to a year early, no one knows and definitely not him. some of the companies he's been buying will go bankrupt and a couple would be already if it wasn't for their hedges ( which is how i feel about iae).
probably not a bad idea to initiate a small position in a couple of financially sound energy cos. but not all in, oil is below 28 as i type this so expect more carnage tomorrow.
nutbar is good in an up market with high oil prices but supports his buddies or whoever gives him the time of day in calgary on the way down imho. imho nutbar is a cooked goose now and sprott will shuffle him off somewhere eventually.
still don't see any insiders buying this pofs, why should you????
cheers and better luck next time ferret