Billybabin61Thanks for the entertainment now having some fun again when I have time and this afternoon must be one of those times!!
For those not properly diversified, just getting home now and catching up, or the novices who get sold a bill of goods, do dope stocks come to mind? By the time many many jumped on board the trains had already left the stations did their 10 baggers or more, mostly returned, and skinned millions from novice investors, too bad sadly. Many posts by members may contain good information if one can look further past their nose, than focus on the subject it's posted to on Stockhouse.
General Stockhouse Profile Guido,
Stockhouse member since March 2006, not much of a poster the last few years not enough entertainment anymore except challenges like today, Billy not so much, Stockhouse member since October 2021 and an individual can have many alias, if a company shill, paid pumper, all in investor, etc. you get the idea, lol.
BIR poster off and on since Jan 2016 when along the way held as much as 80+ thousand shares BIR after getting skinned from a buy back too early after same type of great run NG. Check NG charts 2014 to now.
Still batting 85%+ accuracy on various NG opinions including those on some companies, BIR, SDE, ITE and and now KELT when posting them as strictly "but what the hell do I know", lol.
So here it is again that already missed my earlier post that has been quickly buried, I have hi-lited the important information for those savvy enough to further do their own DD:
As potentail BIR profits for longer term investors continue to erode from the fairly recent 12.60 high reality begins to set in. This company is still a somewhat chit show. Bearish opinion? Various time frame charts IMO if ng slide continues to show weakness without confirmed reversal sees 2.42 +- 2 1/2% (2.50?) current possible landing in play and a complete retrace could see a 2.05 ng bottom blip (not nice!) Reality? Risk/Reward only slightly palatable starting at BIR 7.85ish (back on the watch list for me) only because of pending div for 2023 they can kill anytime in parts or all if ng finds the bottom but languishes then for months (into summer and it better be a hot one!). The failed unhedged hype is not helping big time IMO now and the reality is 49% of all gas produced in AB.ca stays in AB, currently, another 27% goes to supply rest of Canada which does not leave much for export to the US in reality. Check these facts AB NG key statistic out as of year end 2021 and do the DD from there for the basis of where we are end of 2022. Alberta natural gas key statistics : factsheet Now think of all the gas producers in AB that want to get a tiny little piece of Alberta's ng export, not very much for any mid size or small producers especially if unhedged. Result personally, I would not be a buyer here until technical bottom around 6.50ish where risk/reward becomes better than 50% again sorry. The analyist that just posted 9.70ish BIR target (sorry con't remember) may be closer to reality now than many think. Those preferred skeleton's that BIR created 10 years ago hurt more than you think with the current ng tank reality. Looking for a better risk/reward scenario if wanting to stay in the oil/gas sector if looking to park some available capital into? KELT KEL IMOfrom an undervalued company perspective has just retraced 100% from it's 1 year high to it's 52 week low at 4.52 (4.55 today) due to a land sale not well received by the market a while ago, is debt free, good holdings, blah blah blah, and currently presents a 75% risk/reward forseeable hold right now, and if the ng slide finds a true bottom, maybe a 100% risk/reward down to 4.00. Yes I am investing and hold some in the last few days. Reality is there is almost nothing left out there all company's that present a similar opportunity based on financials, this NG run is just about over and for most NG producing companies that are gas versus oil weighted. If one does not have a financial model to assess a company's value or know somebody higher in the market chain who does, better be paying attention to reality and doing some ongoig DD. But what the hell do i know, maybe this is the ng bottom today, lol, I wouldn't bet any of my capital on it just yet, afterall I'm in the game to make money, cheers and good luck. As B & G just replied diversify your portfolio helps, set a a target to profit from and don't be a naysayer and procrastinator when it gets there. Never a bad trade when you bank a profit whether it's a buck or a 100 thousand bucks, reasonably good advice for people that tell others they should take their opinions and go, lol, that is what the ignore button is for on the Stockhouse boards, I for one will not be insulted if anyone does lol. There will always be another stock tomorrow.
Lastly absolutely solid advice now IMO, track the commodities in the oil & gas sector not the noisy stock/s itself whether you are invested in NG, OIL or both, and then try to relate it to the stock/s you hold, you will realize much better profits if on the right side of the commodities itself and have entered a stock position based primarily heavily on technical historicals.
Example, BNN their general track record is pretty bad, too many times whaterever they say do the opposite lol.
Further NG low today 2.70 multi, what happened to $10, $7, $6, even $5, you get the picture.
Should be an interesting finish to the week with rollover tomorrow Friday completely to March NG futures contracts. Over, or more beatings with excess NG storage, mild winter in the US never mind parts of Canada, etc.
That's it finally for those that have retention capabilities on rambling diatribe and oh yes good luck All, some will definitely need it, been there, done that, lesson learned long ago.......cheers!