Why be here? BNE and other oil and gas is the only reason..Anyone on this board is welcome to post information that benefits all shareholders, potential shareholders and other investors, why else would you be here if not?
I put on ignore all totally negative commentors, someone could be right about things getting worse as they have for the last three years but it should be logical and informative. If they are so negative and have a position then why not sell, it does not make sense. Sell and leave.
I just bought more today, did not care at what price, but just that I increased my position.
It seems that all the news is against us sometimes, regulations galore, TC monopoly, bad weather this and that but at some point these stocks are going to turn.
Case in point from a previous poster I read the link and liked the end part:
Financial stress is really setting in, forcing drillers to cut back. The rig count fell by 12 in the last week of August, part of an ongoing slide since reaching a peak late last year. Bankruptcies are on the rise. As the Wall Street Journal notes, an estimated 26 U.S. oil and gas companies have declared bankruptcy this year, which is close to the full-year 2018 total. More are expected.
Worse, there is a tsunami of debt that comes due in the years ahead. According to the WSJ, roughly $9 billion worth of debt was set to mature over the second half of 2019. But a whopping $137 billion in debt matures between 2020 and 2022, a massive total that stems from the huge debt issuance following the oil market meltdown a few years ago. A serious reckoning is just around the corner.
By Nick Cunningham, Oilprice.com
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Now my big question is, hold for how long? for how much? My personal goal for BNE and Peyto is $30 or bust.
Lets say a person gets to 20,000 shares, what do you do when it hits $10, $20 and so on, the nerves get frayed wondering what to do. This is where we need each others help.
Common sense on debt reduction, dividend increases and production growth are the keys. We know they are lean and mean, only 20 plus employees, all others contracted out so there is not much room there unless technology comes into play as in Peyto's case where they are improving liquids production percentages from their gas plays.
Personally I believe it will be an uphill battle in Canada as not only is the tail wagging the dog but the toenail is wagging the tail. When the rest of the world is moving ahead we can't keep using bows and arrows. Where did we lose our nerve.
All the oil and gas companies are moving to more greener ideas of production, and end product to help the overall reduction in emmissions on every level.
Once Crypto is out of favour, weed starts to show cracks as it has lately, growth is faltering and all the easy money is gone, tech is lacking income maybe they will come to our way of thinking, It is always about the money, don't let the greenies tell you anything else as we have come to find out about the so called do gooders in the US.