Markets look ahead. Trying to time them rarely works. I buy based on valuation, not projections of commodity prices. But I enjoy bear markets like fine wines - in little sips.
I see it as a short to hedge my Peyto position. High decline rate makes drilling a treadmill but can do very well when gas and condensate prices are firm. I avoid it or short it above CAD$13 a share
If we entering recession and oil is headed to 60$ is it not better to wait for buying and put our money into GIC?
Markets look ahead. Trying to time them rarely works. I buy based on valuation, not projections of commodity prices. But I enjoy bear markets like fine wines - in little sips.
Thank you
May i have your toughts on Nuvista please?
I see it as a short to hedge my Peyto position. High decline rate makes drilling a treadmill but can do very well when gas and condensate prices are firm. I avoid it or short it above CAD$13 a share