What I don't understand is why these billionaires buy into this ? They have profited from free markets, free speech and probably built their businesses on the cheap and reliable energy provided by fossil fuels, yet seem very keen to deal in climate alarmism.
Funny how you always leave MEG energy off your list. It has beaten all your picks for the last year. It is my only Canadian energy stock. It truly has long 35+ yrs reserves, decreasing debt, decreasing share count and it doesn't have to buy reserves.
Funny how you think anyone but you cares about MEG Energy which will be fine if commodity prices rise and a dog if they tank, and in any event is barely worth the current price of $30 a share based on annual after tax free cash flow in the $1 billion range - the NPV of a 35 year annuity at 15% after tax is about $6.3 billion or $23 per MEG share with 277 million shares outstanding, and the current price of $30 implies a return of ~10%, assuming that commodity prices will remain firm for 36 years, taxes and royalties don't rise, and there is no cost inflation, all unlikely events. It is not all about you and your MEG investment Harry.
As an aside, how much actual money have you received from MEG for your investment? I suspect none, and you just like to crow about "how much you have made" at cocktail parties without admitting you haven't received a dime and if you sell to actually get any mney you will pay taxes and transaction fees and your net return will be a lot less than you probably claim.
Michael , your memory is so short. It was you who declared Meg a good short. It is you that have invested in stocks some that have done terrible during the last year. It is you that likes to claim to be a well educated analyst of stocks. I have just simply said that I hold Meg energy. How much have I made? Let’s just say pretty much all the shares I have now are a free ride. I don’t mind paying taxes on capital gains. It is at a lower rate than paying taxes on dividends.
LOL. I have never claimed to be any kind of analyst although I am well educated. MEG was a profitable short for me and remains fully valued in my view. I hope it works out well for you. None of my holdings have "done terrible during the last year", rather they are progressing as expected and paying me dividends. A decline in trading prices is not "doing terribly" since it is irrelevant unless you plan to sell and I have no such intention. Your obsession with short term trading prices is typical of amateurs and leads to poor decision making much of the time.
I’m really glad that I can keep you laughing. Let’s see you’re not a stock analyst but you like to fill your comments with all kinds of analysis of different stocks. You’d like to claim your long-term investor unless of course you make a short term profit. Recently, you posted that you had a decent year to date return. when your stock pics have terrible years, then you claim to be a long-term investor. I enjoy your comments because they sure keep me laughing.
Excellent article!
What I don't understand is why these billionaires buy into this ? They have profited from free markets, free speech and probably built their businesses on the cheap and reliable energy provided by fossil fuels, yet seem very keen to deal in climate alarmism.
Funny how you always leave MEG energy off your list. It has beaten all your picks for the last year. It is my only Canadian energy stock. It truly has long 35+ yrs reserves, decreasing debt, decreasing share count and it doesn't have to buy reserves.
Funny how you think anyone but you cares about MEG Energy which will be fine if commodity prices rise and a dog if they tank, and in any event is barely worth the current price of $30 a share based on annual after tax free cash flow in the $1 billion range - the NPV of a 35 year annuity at 15% after tax is about $6.3 billion or $23 per MEG share with 277 million shares outstanding, and the current price of $30 implies a return of ~10%, assuming that commodity prices will remain firm for 36 years, taxes and royalties don't rise, and there is no cost inflation, all unlikely events. It is not all about you and your MEG investment Harry.
As an aside, how much actual money have you received from MEG for your investment? I suspect none, and you just like to crow about "how much you have made" at cocktail parties without admitting you haven't received a dime and if you sell to actually get any mney you will pay taxes and transaction fees and your net return will be a lot less than you probably claim.
Michael , your memory is so short. It was you who declared Meg a good short. It is you that have invested in stocks some that have done terrible during the last year. It is you that likes to claim to be a well educated analyst of stocks. I have just simply said that I hold Meg energy. How much have I made? Let’s just say pretty much all the shares I have now are a free ride. I don’t mind paying taxes on capital gains. It is at a lower rate than paying taxes on dividends.
LOL. I have never claimed to be any kind of analyst although I am well educated. MEG was a profitable short for me and remains fully valued in my view. I hope it works out well for you. None of my holdings have "done terrible during the last year", rather they are progressing as expected and paying me dividends. A decline in trading prices is not "doing terribly" since it is irrelevant unless you plan to sell and I have no such intention. Your obsession with short term trading prices is typical of amateurs and leads to poor decision making much of the time.
I’m really glad that I can keep you laughing. Let’s see you’re not a stock analyst but you like to fill your comments with all kinds of analysis of different stocks. You’d like to claim your long-term investor unless of course you make a short term profit. Recently, you posted that you had a decent year to date return. when your stock pics have terrible years, then you claim to be a long-term investor. I enjoy your comments because they sure keep me laughing.