Sport Energy Update - Trican included - READ and HANG ONHere is some welcome commentary and rationale on the current state of affairs afflicting our investments in TCW . . . wait it out friends . . . read the whole report or just jump to the end quote if you like . . . its an easy read!
https://sprlp.com/media/318873/sprott-energy-fund-monthly-commentary.pdf
"In summary, patience continues to be tested especially in the face of record quarterly releases and very positive forward looking guidance from most of our Fund holdings. Valuations have severely compressed and stocks are trading at a fraction of their historical multiples. Implied upside is now up to 90%. The critical element to realizing this return potential is for the market to buy into what we are seeing: the oil market is undersupplied by ~ 1.0MM Bbl/d and inventories look to normalize by early 2018. Sentiment remains severely depressed and at times we feel like the only ones left bullish on the sector. We’ve been here before. Just as in times past, this too shall pass, and on reflection people will ask how the market could have possibly been so bearish when data properly interpreted would have been screaming of the underlying improvements that were being failed to be appreciated by the masses." - Eric Sprott 2017