Sold almost all my cpg to day for a tax bill , and partly because I just wanted some cash , market is weird !
Got 9.92 - 9.96 for CPG - left ........ came back a couple of hours later , and WCP is at the same price what the heck ? So I bought whitecap. So much for having patience ? I felt rather smart for getting my WCP at the same price I sold my CPG , and with in 5 minutes , I had already lost 6 cents. Lol.
How is oil up at $113 and we climb a tiny bit only to sell Off as if oil dropped 5 percent ? I don't get it ?
I am growing increasingly worried about the over all market , and while I think we are good in oil , I had planned to sit on cash , managed that for 2 hours , I thought sitting on some cash until late Summer or maybe after a massively big drop day in bank stocks or blue chip , names. Balancing my portfolio some !
For me , I have all energy. So I have been massively blessed , and I actually feel the oil stocks will double from here over the next 12 months .....AGAIN !!!! . I really do!!
There is this 80/20 rule I use , as others do , and that 20 part , is the part where I fall HARD , loose a tonne of my gains , and spend the rest of my life regretting I didn't lock away my original investment , or my gain witch is essentially the same right now.
So I know I showed zero resolve today , so I am sharing it because I can't be the only one who struggles with conviction , and I am human.
On the other side of this , I am incredibly pleased with my purchase of WCP at par with Cresent. Feel good about it. HAPPY FACE!!
I kept some of other thousand shares of my CPG. Just becsuse I do still like it. Who knows. I could go back. I like whitecap more because I feel strongly this 3 cent divvy will be 4.5 cents maybe 5 Cents right before 2nd Q earnings. We will be at or below 800 k debt reduction target. I guess we could also be higher if they go crazy on share Buy backs!
Anyway , I have zero doubt that the dividend will be raised and in the coming weeks we will get our Cardinal moment !! Maybe not quite like that , the small caps have massive torque it seems , we will get our dsy though . So for those of us who have been here a while , one can live a little nicer monthly with even current divvy , so I never really got knot this for my passive Income side , but it's really beginning to be hard to not look at it that way !
Friday's ramble is complete ! Have a great weekend all !
Craig
C