Investors in Canadian oil and gas stocks are treated to millions of dollars effectively paid to senior executives of their investee companies comprising “stock based compensation” justified by “aligning the interests of executives with the interests of shareholders”.
I was “lured” by my own guilessness into Pengrowrh many years ago. Foolish man child! The loss deductions helped just a bit. Now, older(80+) and a bit wiser thanks to M Boyd and fluidsdoc and now yourself, I would not even piss on MEG if the shares were burning! My recent best thing was VST which is now my largest position. During the storm several winters ago they got slammed by many on SA for losing money to keep their customers warm. I was proud to stick with them and commented that the whiners were just jerks. Character does matter and it is in hard times that you learn who has it, even though it might be better for all to not learn the lesson. Much appreciate this piece.
Insightful piece Michael. As always thanks for sharing your wisdom. Your point about MEG is very well taken, and I will have to take another look at Peyto. Again, many thanks!
I was “lured” by my own guilessness into Pengrowrh many years ago. Foolish man child! The loss deductions helped just a bit. Now, older(80+) and a bit wiser thanks to M Boyd and fluidsdoc and now yourself, I would not even piss on MEG if the shares were burning! My recent best thing was VST which is now my largest position. During the storm several winters ago they got slammed by many on SA for losing money to keep their customers warm. I was proud to stick with them and commented that the whiners were just jerks. Character does matter and it is in hard times that you learn who has it, even though it might be better for all to not learn the lesson. Much appreciate this piece.
Insightful piece Michael. As always thanks for sharing your wisdom. Your point about MEG is very well taken, and I will have to take another look at Peyto. Again, many thanks!