Irony...The more it change, the more it stays the same.
The irony in the stock market is that for many investors, when a stock has corrected in price and is cheap, they don't want to invest in these company.
But when it as been moving up and is expensive, then they are comforted and buy at exactly
the wrong time.
What is the difference in Suncor at $48 in march 2023 and Suncor at $37 at the end of June 2023
Well it's the price,NOTHING ELSE.It's the same company with the same prospects
EMOTIONS, EMOTIONS, EMOTIONS.
Most energy stock are cheap right know.Some may like pure E&P, some may like gasy stocks
other like me may like having both (Refining and E&P).
One thing for sure, these stocks are going to be great investments on a comparison bases
going forward.
And one day, these energy stocks will once again be expensive but this day is not today nor this month.I think we are at the start of another good run in this sector.
Once again sorry for the spellings, i am french and do my best.