RE:RE:RE:RE:Peak-Oil Supply - on the Horizon...nukester wrote: My memory has faded, but I dont think I owned any Canadian stocks back in 2006.
Maybe a small position in Canadian Oil Sands?
I was just starting to dip my toes in the U.S. in 2004
I got lucky on Petrochina, made couple bucks, got out ramdomly.
My biggest mistakes were trusting small cap explorer ceo's.
Oilsands quest, Hyperdynamics, etc.
My biggest losses were much later, when the NDP took control of Alberta.
Yes I know NDP does not control global oil prices, but they were driving the bus when things went south, and did nothing to help fix it.
Like to think of myself as an experienced investor, truth is I still struggle to value a producers hedge book. Regardless of all my investing mistakes, I was accurate on my macro view of oil production and consumption, that really helped me deploy cash during covid (what a horrid time for humanity, let alone investors, I am still angry at my fellow citizens who trusted the evening news, thank god for Elon Musk and Twitter, but I digress)
These days, I just want to own solid companies that share the wealth with the shareholders.
Growth is nice, but I prefer profits without crazy long term timelines. Give me a mom and pop boring business that knows how to squeeze a penny into 100 feet of copper wire at a profit and I want part of it.
When I find a company that I really like (like TOU) it is typically over priced and I end up buying something cheaper (like PEY). I guess I was too poor growing up :-) I am always looking for the cheaper alternative, the almost as good as, etc... One could call me penny wise and pound foolish, but that is the way I have rolled thus far, perhaps not forever though, even I evolve (eventually)
My tool box has many Snap On tools, also have plenty of cheaper Craftsman. Sometimes quality matters, sometimes not so much.
My portfolio has been widdled down to a small number of companies, Gamehost is one of them. I spend a couple hours every few months looking at financials. I spend a couple hours everyday watching the macro picture of geo-political events and oil consumption. Its like an addiction, a sick twisted cynical battle hardened investor vs. the global elite and I refuse to lose :-)
I could obviously use some psychological therapy, but we all know I would never pay for it :-)
Cheers,
Amigo
Nukester... Amigo
Dog Days of Summer approaching.
Every summer we wait for GH's Q2 release.
Kasking seeks the shade of hi-limit sancturaries province-wide, along with the regional Wood Bison.
Just as humans used the sun dial to create clocks and calendars, Gamehost shareholders know that the Dog Days have finally ended with the release of Q2 quarterlies.
When it comes to tools,
Avoid Powerfist.
Hi-risk, low-reward.
https://www.princessauto.com/en/searchresults?Ntt=air%20tools%2A&page=1&Nrpp=50&facet.brand=Powerfist&gclid=CjwKCAjw-b-kBhB-EiwA4fvKrEcbZRGu6EzZMEYeGi9ndG5hsp9t4dizMRJB8lDpgFcsElSXNNl3kBoCRKIQAvD_BwE