[larry81]

Thanks @james4beach, i am truly blessed (and lucky). Even if i am up 150%, I still think there is much more gains to be made in the energy sector...

BoA just annonced their 120$/bbl prediction by summer 2022...

Bank Of America Sees $120 Oil By June 2022 | OilPrice.com

According to Bank of America, oil prices will hit $120 by June next year due to the current global energy crisis

oilprice.com

I am already having nightmares about the capgain tax bill !

 

[hboy54]

Congrats @larry81 and everyone else who was brave enough to go long energy! The thought crossed my mind, but it just kept going lower and lower and lower.

Investors seem to want to optimize a curious variable, the transaction win loss ratio. Learn to let that one go and optimize CAGR. My ACB in most of my energy (ie everything but Suncor) is hundreds of percent higher than last years lows, so I have many losing transactions, perhaps even majority still. But 20 year CAGR and dollars gained is quite sweet.

 

[larry81]

https://www.cbc.ca/news/canada/calgary/calgary-canadian-natural-q3-profit-1.6236748

 

[doctrine]

New 52 week high for Suncor and the XEG Energy Index. Onwards and upwards. Consuming countries are panicking in November at the seasonal low of demand with the largest ever release of strategic reserves. What is it going to look like in April-May when seasonal demand peaks? Yikes.

 

[james4beach]

New 52 week high for Suncor and the XEG Energy Index. Onwards and upwards. Consuming countries are panicking in November at the seasonal low of demand with the largest ever release of strategic reserves. What is it going to look like in April-May when seasonal demand peaks? Yikes.

Amazing! Now the question is whether this can get back to its previous levels from a few years ago.