As an Energy Investor, itβs really messed up to feel lucky to be still riding the Oil Bull π and not getting thrown off & trampled to death π Lucky ?π HELL YEAH!!!! Oil went from a Friday close of 86.80 to 76.15, a 12% drop due to jawboning down from the US Administration π΅βπ«π΅βπ«π¬π¬π€‘π€‘π€‘ BUT Your stocks are only down 3-ish %. So you feel good!! ππ» You feel Lucky π Legggoooooooo! Anyone else getting bucked around in the Energy Rodeo? What beast are you riding? Iβm doing the Bronco Billy on $CVE$WCP$CJ π€ π€ π€ π€ The Oil Patch Rodeo makes all of Canada π¨π¦ stronger & independent π₯π₯π₯π₯π₯
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38 Comments
Le Corb@lecorb Β· 19d
Might want to consider diversifying your portfolio? I hold a significant amount of energy maybe closer to 30% but Iβm up today portfolio wise almost 1%. Not bragging, just sharing options.
Mark @mark117 Β· 19d
Iβve got some positions in CJ, WCP and Pembina, plus PEY, but itβs around 5% of my portfolio. Iβm also in gold and uranium but 80% is made up of major ETFβs. Today Iβm up big, but if things are shakey, that means my oil and energy stocks are up. So, Iβve always got something up :)
Paul @pauly Β· 17d
@albertacrude I'm bullish on Butane $ALA I just hope the (REEF) Project cost over runs dont get to out of hand. And i just started a small position in $WCP 2 days ago.
Not Financial Advice @anpc86 Β· 19d
all depends on your time horizon, energy is a commodity and there's mean reversion at play Nat Gas is in over supply by US production unless you're a day or swing trader, the current volatility is mostly temporary, squiggly line time... countries are tapping into their natural reserves, eventually this will need to be replenished.
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