RE:wildcatter...other options?So you've incurred a capital gain on your TXP but as both stocks are the same price you're no further ahead but now have to pay the tax man. Doesn't sound like much of a win to me.
The differance between AAV and TXP is AAV is driven by a change in the price of gas, it's a cyclical event which is driving most stocks of it's type in Canada. As we know cycles change and prices fall and those gains will reverse in that case. Summer is coming !
TXP is discovery driven and a change in price of the underlying commodity isn't going to impact our share price that much but a new discovery could make a significant impact on price.
We have 20 + targets and the largest target we have in the portfolio is the next to be drilled.
I'm certainly not going to sell TXP to chase a cyclical that may be at the top of it's cycle but I might use extra cash to buy another discovery driven play when the right one comes along.
My two bits but then I can ride more than one race horse at a time, Wildcat is a one donkey type of guy.
triken wrote: I actually took Wildcatters advice and looked at AAV, bought at $1.80 average, selling most of my TXP along the way at just under $2 (ACB 22c, owned them since David Wright decamped from Lightstream).
As a knowledgable fellow what else do you like in this space, it does not appear that you comment anywhere other than TXP and AAV boards.