RE:RE:RE:RE:CRESENT POINT ENERGY Yes. Lighstream- Petro Bakken !! . !! What a nightmare. The whole thing. I will just say this. Everytime I make any decision to buy or sell , no matter how big or small. That moment comes to mind and it's not the MONEY I LOST. Its how I behaved when it was going down , and I just can't stand to admit , I averaged down some too ! I am told I am an incredibly hardworker , methodical , looking 20 to 30 years ahead .
Every thing in my life to that point was a winner ! Here might be the biggest lesson I ever learnt , or maybe should of figured out sooner for myself , I control my company or
my business , I make the decisions that are best for Craig . So when You invest in the markets , unlsss your the controlling share holder , the people that are , there making the decisions that are best for them . Let me explain , when you can legally wipe out all the shareholder equity , and pay back the secured debt only and pick up assets for 20 percent of there value , these people are never going to do what's best For the shareholder , or Craig . They had the ability to do first lean loans and I just assumed they ( the company through the syndicate ) would borrow , to ride it out . How naive I was. How honestly foolish I was , and really uneducated in the oil space , as I had never been in this space. So with great humility I really screwed up. Everything else in my life was absolutely rocking, I did what I said as my younger self would never do , and that was get complacent, foolish , and I gambled. So it was not the money. It's the feelings around or the emotions around how I acted , behaved , and the ego I had , it still makes me disgusted in me , maybe even more than it did then.
So I really believe I learnt my lesson. I learnt it good. It wasn't a small amount of money to me , it was enough to put pressure in every area of my business that requires cash flow , and it was my safety net of cushion , once it was gone , I got to find out what Stress really was again , having no comfort for about 2 years. I was now stretched , and I was growing my companys , and you need money when your growing . I had such bad stress , May marrige was so close to being over , and I trace all of it back to this moment. It changed me . I - we !!!! Did get through all of this , and today I am a stronger person for it.
I actually Was able through My accountants get back almost half , but in the form of tax savings. So i never saw it back , witch is much different. I just didn't pay tax on a good chunk of future earnings .
So I don't use margin , I manage my own money , and I am more diversified than ever . Funny how things work , let's just say with our being a braggart that it all worked out in the same sector. !! Lol.
That's my story. Sorry if you didnt want to here it.
but I think it's something everyone should know. That is we don't control the decisons being made , and that really is far
more scary than you might ever realize.
Thanks for reading ! Hope it helps someone - anyone !
C