RE:If we Even though I like trading thinking I will get ahead of the game, I have actually by about 40% but now most other stocks have done their thing.
Just waiting for CR to have a really good day and move it into PEY.
I am also per DG's comments expecting another dividend increase maybe end or early next year.
However, I would also like to see debt go to near zero in a rising interest rate environment unless they feel the returns by drilling can be significantly improved upon.
The Americans seem to think all increased production will not only go to them but reduce their costs substantially. I hope not.
They incorrectly assume what is drilled by hundreds of companies is theirs to enjoy at below cost prices. Time to pay the piper.
People have to start working harder, thinking harder, saving harder. Most of us here who have worked hard and saved hard and invested hard probably were not concerned near as much during covid times as most were.
I am very interested to see 1st quarter earnings in early May. It will be an indication of the rest of the year hopefully. DG discussed the hedge book on TV today, and in a dropping price environment they shine as compared to other companies that have hedged much more lightly. This is why they hedge to smooth out the volatility. I have no idea how bad they got themselves into those bad hedges but sometimes your worst move is one of your most profitable moves for the future.
I say this myself, you learn from mistakes and try to not do them again. As a result I have made many times more than my worst deal when I bid on other deals always with this in the back of my mind.
Just keep the politicians away, let them take their piece of the pie and go away in quiet.