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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Comment by Goaweighon Feb 24, 2021 5:41pm
172 Views
Post# 32653571

RE:Starting to look like

RE:Starting to look likeThe problem with the theory of being overweight in a portfolio is that it penalizes the winners in favour of the losers. That's why it's almost impossible to beat an index because they aren't being actively managed by so called pro's who are constantly re balancing by selling the winners. Quite the opposite, the winners are left alone and invariably the winners keep winning while the losers keep losing but the winners usually do much better than the losers and that's why indexes usually beat actively managed portfolio's.
Consider TXP as your best decision and everything else as dumb, sell the dumb decisions and put that money into Co.'s that look like TXP or keep trying until you find one and when you do leave it alone. And look for another winner etc. etc.
But we do need cash to pounce on the next TXP when it comes along so I do agree that sometimes you just have to lighten up a bit. 
Next week and north of $ 3.50 maybe . LOL.


 





becker123456789 wrote: Looks like we're back on track again. Buying on the dips has served me well. Another 9 cents  and I will sell some again because I'm carrying way too much in this stock right now . Evan with the additional delays according to Paul we should  have results next week or early the week after. I would hang tight with all my shares if I wasn't so ridiculously overweight in TXP.


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