RE:Packer"Have never owned" ??? How wrong you are...in the last sisteen years I've been in and out of oil several times....that's the way I "play"...."trees don't grow to the sky" and when I decide to sell I sell it all.
This last time I got out in September...bought back in in February...(like sold CVE at 26, bought back at 21 for one example)....Right now I own TOU, CVE, VRN, BTE...and it's 10% of my investments.
I think oil's got room to run from here.
I play lumber the same way.....when it's had a run I get rid of it ALL...buy it back when the inevitable cycle comes around again. I'm sitting on lumber now... WFG and IFP...7% bet...lumber price is in the dumps....it's only a matter of time....again. There's multi family buildings going up everywhere in the town I'm in...it's a wonder where they find all the people to put them up....and FAST !
It's not so much that I love Trudeau....it's that I don't have a lot to complain about. The stock market's high, unemployment's low, inflation's back down and there's a rumour that interest rates will get lowered soon. I don't borrow or owe any money but it would be good for a lot of people who do.
I'm no spring chicken, I see doctors way more often than I want to...and I have not experienced any availabillity problems that seem to make headlines...real or on-line.
When I was young I was susceptible to salesmen who promised you the moon with catchy slogans.
I'm not young anymore. If somebody says they will "axe" taxes....protect existing services AND eliminate deficits.....that guy better have a top hat, a rabbit and a magic wand handy when he sits to get his picture taken....just sayin'