Hi ,
Can CD s share their thoughts as to which Oil & Gas shares to invest in , in the current market .
I was reading about Suncor news this morning and given the current gloomy oil prices , wondering if it would be a good investment to invest in some oil & gas shares for a long term investment say 10 years or so ..
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Fido.
If you can buy a Barrel of Crude (OPEC) for $45 US on the open market, why would any oil company charge us $75 Canadian here within Canada? Is it just to prop up our economy? or to fleece us, the ignorant ones? or they too smart to squeeze us all for a buck a liter when you can get the same gas across the border for 52 cents US a liter.
Now do tell me, will you buy any of these worthless piece of paper for any price? I am not saying that there is no demand for their products, but it is an inflated price and it is propped up and bound to collapse, if the world market moves just a notch down in its price to say $39US/barrel. That is the Doom and Gloom Scenery. It will be worth noting, it if it ever happens.
That is where I am with these OIL Stocks. They all are top heavy. As we say equity rich and cash poor. Look for consumables or P&G etc., may move a touch and also give you a dividend too.
FH.
Quote:
Originally posted by Fido
Hi ,
Can CD s share their thoughts as to which Oil & Gas shares to invest in , in the current market .
I was reading about Suncor news this morning and given the current gloomy oil prices , wondering if it would be a good investment to invest in some oil & gas shares for a long term investment say 10 years or so ..
It did in fact ... it did ... Thanks for this ... This gives me a broader perspective than simply investing in oil shares ...
Plus I have got the names of some major Canadian oil companies as well ...
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Fido.
I am in touch with a few who do this for a living. They hold a ton of these and play with it in the market. They are active, alive and doing WELL. They don't wink, blink or nod. That is the kind of market this industry is.
If it was buy and hold stock and make an exit at the right time, I would surely point and whistle. But it is not one currently. The volatility is so much, it is only good for those who are extremely alert and not for one who is busy working for some one.
Just in the passing, if you can invest $20,000 US and leave your job or take a break just to get to know what it is that you have to do to get to know this industry, then prepare yourself for that first and then take a short break and experience it. Some times it is nail biting. If you can hack it, it will be very rewarding and if you set up a high water mark and when you reach it, just bail out and retire from being active, will be the best decision that you ever made. It is addictive though, and if you get hooked on it, then you are the king. Mmmm May be a king of the jungle. There won't be anybody there to cheer you up.
Think about it. Then walk into it boldly, you will see the other bird watchers in....
Take care.
FH.
Go through this and take your own time.
EDIT : Just to be safe... Read it if you can find it here...
https://www.google.ca/?gfe_rd=cr&ei=6YW7VaPdBana8geu2p3wDw&gws_rd=ssl#q=bird+watching+in+lion+country
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Quote:
Originally posted by Fido
It did in fact ... it did ... Thanks for this ... This gives me a broader perspective than simply investing in oil shares ...
Plus I have got the names of some major Canadian oil companies as well ...
Quote:
Originally posted by Full House
Go through this and take your own time.
<link edited>
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Live and let live!
Quote:
Originally posted by Monica.admin
Quote:
Originally posted by Full House
Go through this and take your own time.
<link edited>
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Fullhouse - I am just curious. Is this ebook free?
If not, it is not advicable to share a copyrighted material.
Thank you.
Your contributions are highly valued at the board.
M
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