Will be adding today if the share price doesn't popI have been nervous about Russia and interest rates, so I moved a good chunk of my investments into cash.
I sold off my banking shares when I first heard about the possibility of SWIFT sanctions.
I decided to sell off my pipeline shares as I don't know how much more "run" there is in the pipes. The pipes can't get fuller than full and the business is regulated so the pipes and utilities are about the only industries that aren't gauging the public at this point in time.
SU made up a significant portion of my portfolio before I started selling. Now, my SU postion has moved into what any professional would consider to be a concentration problem.
I have stopped calculating how much cash flow I think Suncor will make in Q1 because it just doesn't matter anymore. The number is going to be high. Really high. So high in fact that the current share price just doesn't make any sense.
At some point, you just have to ignore the so-called experts and throw caution to the wind. Today is that day for me.