RE:RE:My actual target for Esi is- Do your own research no adviceShuss - you are spot on. Have been buying and selling Ensign for over 35 years. A guy can make some great money buying low and selling high but this stock has been up and down like the bride's pajamas for decades. REALLY poor buy and hold candidate, even if it is owned by one of the great oil and gas guys, Maurray Edwards.
Schussing56 wrote: Sounds good in theory but, I would be careful as, there are many other factors at play than just having the assets and a good business model. I thought that Ensign would be a good investment when they added $200 million to their balance sheet after stealing Trinidad Drilling but, of course the pandemic happened, the bottom dropped out of the price of oil and, Ensign dropped from about $6.50 down to $0.21. Ensign's bread and butter is still in the United States and, of course we know, Biden's administration has been very hard on oil and exploration companies. Also, many world governments are feverishly trying to hasten the switch from fossil fuels to renewables. Ensign could be a good investment over the next few years but, don't put all your eggs in one basket. Diversification is key to being a successful investor.