RE:RE:RE:Anyone know?Good morning Onion, a red oil day just like a green oil day will certainly impact traders, shorts and short term-holders in both directions.
I am well diversified and dont trade daily other than buying as I get divy money. I also don't flip from one O&G to another like others. I have my ratio splits and maintain these while adding. I am just riding the overall trend. I believe the overall trend in my opinion benefits all Canadian O&G. Watching supply/demand/inventory/world macros
As a long term holder with an initial target date review of June 30, 2023 (waiting for a number of items to progress) I really don't sweat the day to day. We will have ups and downs....but that really doesn't impact the business operations.
The fact that BTE is down 4 pennies right now has no bearing on how large the bank deposit will be today based on these prices.
I always said if the generalist doesn't come back companies will just pay debt get to their ratios and start buying back/issuing dividends.
In the meantime for me I await all the drilling results and see how things are moving on the operations side.
OnionKing wrote: Thoughts on a red oil day?
also your blog post is great! Thanks for the content