RE:RE:Exit conditions or exit price? I have seen my Old Man work in O&G . He spent crazy hours working in refineries in India.
It is the backbone of the economy . I came here 8 years ago and saw how villified Oil was in Canada . Still I see my friends and colleauges calling me names( Eco terrorist) for investing ni O&G . The oilmen are the hardworking folks who bring prosperity to this country.Not the jobless ecowokes who run around smoking weed off governments money and talk environment with zero contribution or desire to work.
Hats off to the Oilworkers :) and the pnes who believe in their resilience and grit .
topdown99 wrote: JohnnyDoe wrote: Lots of mentions of exit price. I'm kind of more interested in exit conditions. I study data and the data says Nuttal's view of a supply demand imbalance is right. Barring a major demand collapse, we gonna short a few barrels soon. I have a notional timeframe in mind but if the market conditions continue to point to a shortage at the time, there's no need to sell.
the other half of it is.... It's not just "investing" for a lot of folks here it's a hobby. Ya you can walk away because you have enough money but then what? You going to stop paying attention to the world around you? I'll build a passive income stream from stable blue chips, but I figure I'll always dabble in the BTEs of the world
I spent 30 odd years in O&G , this is a labour of love , not a hobby . I have had a front row seat to this supply trainwreck that green politics have saddled us with . I saw work dry up , I saw friends and coworkers laid off but I never saw any loss of demand . To those who have paid attention and stepped up to the plate , the rewards are only starting now . The damage green politics have done totally backfired and the real winners are O&G shareholders considering reduced capex and balance sheet improvement . 2022 will be stellar