So buy the stock you like and sell the stock you don'tGreat back and forth guys. I buy what my analysis says will give me the best return.
My annualized return since I restarted trading in the market in August is 47% after 180 trades.I am a trend trader and don't fall in love with any stock. Hope it gets better because the past few months have been quite the challenge.
A few of the metrics that I personally use are: 2018 P/CF metric = 4.0 BNE, 4.4 CJ. Advantage BNE. P/2PNAV metric = 1.3 BNE, 0.9 CJ. Advantage CJ. Cash flow impact for $1 WTI price rise metric: 2.6% BNE, 5.1% CJ. Advantage CJ. % gas production metric: 32% BNE, 13% CJ. Advantage CJ. Dividend = Advantage CJ. Management team = Advantage CJ. Decline rate = Advantage CJ. High future development upside = Advantage CJ (legacy waterflood)
And I have a fairly accurate sentiment indicator comprised of a number of technicals. Seems to work nicely....so far. Upside value is what I am striving to find.
So, create your own metrics and buy your favorite. I hold CJ and CPG and SPE and WCP and RRX and POU. And sold SGY, TOG,ATH, BTE,TVE,GXO, MEG & gassy stocks & pipelines & service companies ..........but that might change tomorow.
BNE might have potential so more DD is required.
Thanks again guys for the discussion today. Its better than watching to Fox News.