Post by
mrmomo on Oct 06, 2022 12:42pm
Reply Obscure1
Very well said, i don't think i could have outlined & written it down as well as you did. I think it is required reading for everyone here and strongly advise to do so are Obscure has brought into light many valid points. I personally think you/he made the right call.......long term. As i believe the cycle of O&G has peaked, has peaked some time ago, especially oil and even more so the heavy oil & oil sands plays. It would take another unforseen blackswan event for oil to go back over $100 bbl. Maybe something extreme like Putin going nuclear........or using tactical nukes. Possible, but then again if that ever happens, well my freinds, i think we have deeper issues & problems than oil over $100 and worrying about our investments. It could be literally game over for everyone....
Obscure1 wrote:
"I don't know if I have made the right decision or not. The price of SU is already up a buck above my selling price so I look like an idiot so far. I take consolation in the fact that I nearly doubled my money on the investment.To me, the lost opportunity is worth it to be in a position to take advantage of a capitualiton in the market as opposed to being on the wrong side of it."
Just some wise advice, if you don't mind opinions from other investors. But you may want to consider some investments in the uranium sector. Imo, Europe is caught between a very big rock and a very deep, acute corner, with no "reasonable" way out for them or their HUGE energy needs EXCEPT nuclear power........Just something to think about.
And yes, staying in cash right now & waiting for the opportune time to get back in is VERY astute & wsie! IMHO of ocurse.....
GLTA
Comment by
555rookie555 on Oct 06, 2022 9:22pm
Thanks for sharing the info guys. I ended up backing the truck up and unloading today as well. Half a year income covered in two weeks!