RE:RE:One thing is certain BSW I believe strongly in the supply/demand story but admittedly it's getting shaken. Do I default to the share price? Absolutely. Do I trade? Absolutely. It's a great way to increase share count and in the last 2 months it's been the only way to make money in the sector for most energy companies. With all the manipulation being done by the power brokers there is no guarantee that long term investing will equate to large gains for Canadian companies, although I do really hope you are correct. We will see what the future holds but I have no problem protecting my cash until the smoke clears. I look forward to November when the midterms are over. Good luck to all and again I thank you BSW for all your valuable input here.
BayStreetWolfTO wrote: Yes most default back to the share price.
I will say the last two months have been very positive. IF...and I don't recall your position...but IF you believe in the supply/demand thesis...than the last few months have been imperitive to that. The SPR draws are an important part of my thesis.
Now sure if we didn't have the SPR for these last 90 days the share price would be higher but I'm not looking at 2022..
So it really depends on your perspective.
Some will try to time the drop but I have seen that play out too many times in my life. I say good luck to guys like snow...rarely have people I know time the absolute bottom. Not to say it doesn't happen but it is very rare
Here we are $90+ share price $6+..YTD still up 60%
Still beats my banks, insurance, pipes etc (even with the dividends)
TheWokeLemming wrote: The ugly days are far outnumbering the positive days in the last 2 months. Sometimes cash is king.