Not a hint of EuphoriaThe last week is not a dead cat bounce, that was when Peyto went from $1.00 to $2.00.
The last $8 have been hard fought, drive, determination to grow, improve, change in the defths of the worst pricing seen. For people to complain about hedging problems after the fact is even worse. Surviving was the most important thing in 2020.
When compared to $40 $9.70 is not a lot, and many are still under water. Thus the reason why there is no dancing in the streets. Maybe for only those lucky enough to have had no exposure in the last ten years only to buy a ton in March April to Aug last year of any and all oil and gas stocks.
I still need a minimum of another double from here to not feel poor, with no debt and more to start to feel like I can do things down the road now that it is retirement time. Well, semi retirement kind of.
Will inflation eat away at any reasonable gains in the future is one question. Just look at your insurance rates and house taxes and medical payments rise and rise, not to mention food. I have never seen more people with gardens, not that they seem profitable once you buy dirt, fertilizer, seeds, seedlings, wood frames, and don't mention the water that is exhorbitant nowadays.
I try to not think about those things.
My most important thought is how do I enjoy myself with family etc as much as possible while I am around in decent health. Its only money.