No interest (CNQ buying Chevron's assets)Good morning Nothingmatters,
Seeing CNQ adding acreage is another + for Ensign and to my other driller's position(Akita).
Naturally with M.Edwards big position in CNQ,it is only "Normal" to see ESI being an Ensign
customer.This can only be a positive going foreward
CNQ is also a big customer of Akita.Right now, Akita is running 2 of their 12 working
rigs in Canada for CNQ.
As per your comment"If I am wrong or not only time will tell. For now I am wrong..."
It take a man an humility to say that you have been wrong.
But the key in your comment is FOR NOW.
It take luck to get the timing perfectly right.
This always reminds me of my recent biggest gain.
I started buying a small steel transformer and erector (DRX) back in mid 2021 below $2.
I was posting a lot on the DRX board on the merit of owning this undervalued company.
I look "RIDICULE" for 2 years and then the stock took off.
Hardly any body were reading my posts, volume was abismal....
The stock went from $1.60 to more than $20.
Today, the stock is trading at $10.60.While way off it's high, it is still a huge winner.
Like you said "Time will tell"
P.S. I have built a big position in Akita.I too have been wrong for now for a little more than a year
But i was wrong for 2 years on DRX.
I don't think Akita will be a 10 to 14 bagger like DRX but it will certainly be another big winner for me.
When i originaly bought DRX, i tought it was a least worth $4.Then the financial situation improved
and i tought this is worth $6 to $8.then...
To make a long story short,buying cheap assets coupled with patience can be very rewarding.
To have multi bagger requires buying cheap and Ensign and Akita are very cheaply valued.
Now, how much more time will be required before we see a better valuation on ESI and AKT.A?
TIME WILL TELL.
Have a nice day