RE:Time for Colbourne to step upNikoDoughski wrote: and make an impressive buy here. I am tired of holding these bags.
Surge is on the little red chair and I am about to hit the eject button.
Only thing gonna stop me is if we see insiders load the boat in the next week.
I know those sideshows read the board and I'll be watching for action.
Doughski
I hear ya Doughski.
Back around early 2013 I went all in on SGY and a bit of CPG (VRN). I felt pretty good later that year when my retirement investment went to a value of 1.2M.
I kept buying smaller amounts and DRIPing as the price went down, then up, then down more and more. It was pretty scary in 2021.
This (stupidly) was my retirement plan and should have taken the profits in 2014.
A couple of years ago (in my early 60s) I knew I had to do something. I stopped the SGY DRIP and started using the reinstated dividends and any extra money I had to buy into another well known Canadian company (not oil), while still somewhat confident my shares in SGY would recover.
In the last few months, my holdings in the other company eclipsed my holdings in SGY.
Last week I swallowed hard and sold all 40,706 of my SGY shares at an average of $5.40 and put all funds toward this other company.
I know I should have diversified more in the past and present. But I'm finding that I'm sleeping better after getting out of SGY, and into this other company in a different sector (not tech or crypto).
The smart money may be buying SGY at this point, but I'm now out. Never said I was smart.
Here come the judges....