Official Short-term Investments Thread

[MM99lude]

WZR getting ready to explode, Baghdad and KRG Oil deal signed today.Those familiar with Western Oilsands know this team and the potential. $WZR.V

[themack89]

loldongs the spread of spot against forwards is getting ridiculous.

[Feruk]

Originally posted by 997TT
Feruk, are you still in SLI?

been on a crazy ride from 2's to $2.80...now almost back to wher it started. Are you still accumulating?
Still in it, averaging ~$2.10. Got a big position so I'm not picking up any more. What happened was investors found out that management was blacked out (a VP leaked it, good old Venture exchange), shooting the stock up on expected news. Nothing new has come out yet, so the stock has worked itself down. I think it's a pretty fair bet that they're now in posession of at least trenching samples if not some drills as well. Hopefully it'll soon be time to see if Christmas is coming early or not.

[davidI]

Anyone know why TCW is getting smashed today?

[bitteeinbit]

Not getting smashed much more than anything else... Maybe a bit worse than the average oil company but not too bad.

[in*10*se]

$10k in at ath.to @ 11.10
$10k in at cfw.to @ 28.30

[troyl]

Originally posted by davidI
Anyone know why TCW is getting smashed today?

In these markets it seems as though service companies are quite a bit more volatile then oil producers, or the market in general.

I have a few $22 Feb 2012 call options that I NEED to get in the money. I thought we would have got more of a price movement with our stellar Q3 results, but it has come under pressure with the rest of the market.

[davidI]

TCW was down almost 8% when I posted that.

Most service companies were down 3-4% at the time and oil companies 2-4%.

Not sure why TCW was taking a bigger hit - especially the way their chart looks since they blew through some support levels. Couldn't see any news....

[bitteeinbit]

What do people think about TGL? Seems like a steal at this time. They currently produce 12 000 barrels/day and production is supposed to increase big time (20 000 in 2012). I'm usually not one for fighting the trend but i also couldn't help but notice...

http://img85.imageshack.us/img85/6454/screenshotrtg.png

http://img851.imageshack.us/img851/5353/screenshot1up.png

See the strong support down there? ~7.5 seems to show really resilient support. Could be a bottom?


I'm thinking of jumping into PPL, LLL and THI as well (already have in my blog).

[themack89]

Originally posted by bitteeinbit
What do people think about TGL? Seems like a steal at this time.

Very nice chart bitte..

As of this very moment I would say too weak to buy to strong to short, if you are aggressive though looks like a good buy.

Waiting wouldn't hurt.

[Feruk]

Originally posted by bitteeinbit
What do people think about TGL? Seems like a steal at this time. They currently produce 12 000 barrels/day and production is supposed to increase big time (20 000 in 2012). I'm usually not one for fighting the trend but i also couldn't help but notice...

See the strong support down there? ~7.5 seems to show really resilient support. Could be a bottom?

I'm thinking of jumping into PPL, LLL and THI as well (already have in my blog).
Looks undervalued to me even if you discount their Yemen crap, which one should. I think stock should be closer to $15, but to bet on that is to bet on Egypt having a stabolized government. I can't get there...

[bitteeinbit]

Yeah Egypt is the current problem. I'm waiting out as if it truly is a bottom, then the upside is huge so there's still a lot of time. Most analysts I've read also think it should be more along the lines of 12-18$. But I rarely believe what any "analysts" say anymore. I'll keep my eye on it though.

[calgarysurfer]

Been following them for ages....and made a bundle....great group - honest....hardworking....Insiders are buying at these prices, and so am I. Oil is a worldwide commodity...and all countries need it, war or not, and eventually the new government will realize they need cash for growth and will allow sales. Buy on the dips and hold on for the ride. Cheers

[Sugarphreak]

...

[bitteeinbit]

Got into TGL and COS today. I think both are great buys at these levels. Good upside and relatively low downside (by that I mean that if they dip below a certain point I won't keep them). I also added to ORT.

These are all long-term prospects though, especially ORT.


Oh, and what about that trading mes sup this morning? Symbols between m-z were closed. Makes TSX look like a bunch of clowns.

[Superman403]

I'm all for Bear..
I picked up FAZ..

This bail out is reminiscent of 2008. Can't wait to cash in... It's just buying time, it does no change to the structuring in Europe.
It's like giving money to a gambler and hoping he'll pay you back..

Everything jumped because of hopeful optimism.

[cloud7]

Got back into GFS today. Might sell them for a quick turn around in a few days... but at this price, it looks good for the long term as well.

[RawB8figure]

Anyone here tracking Ryan Gold Corp. RYG:CVE . They have been having good luck with drilling, but the stock keep plummeting.

[broken_legs]

Originally posted by Superman403
I'm all for Bear..
I picked up FAZ..

This bail out is reminiscent of 2008. Can't wait to cash in... It's just buying time, it does no change to the structuring in Europe.
It's like giving money to a gambler and hoping he'll pay you back..

Everything jumped because of hopeful optimism.

Or get your face ripped off in a giant QE3 rally reminiscent of 2009.

Dont forget your stop loss

[Sugarphreak]

...

[Meback]

^FML. I'm holding shares in this company and was thinking about purchasing 9k worth of shares a few months ago.

Also, if i remember correctly, someone on this fourm, had a friend that bought into this stock at numerous times when it was at its lower levels, bet that he is a very happy man today.

[Sugarphreak]

...

[cloud7]

Originally posted by Sugarphreak
CLL is up nearly 50% today, looks like that land deal finally went through...

damn, should have held on to some from before.

[troyl]

Originally posted by cloud7
Got back into GFS today. Might sell them for a quick turn around in a few days... but at this price, it looks good for the long term as well.

I have been adding some GFS at these levels as well. Average cost on my holdings is $7.40 :cry:

[bitteeinbit]

I added to TGL yesterday as I didn't sell during the short rally last week. Hopefully it pays off. I'm confident but if it dips below 7.5$ I'm packing my bags. I think the upside is huge though. I almost managed to scrape the bottom yesterday but I'm still not in the money.

[Red@8]

Originally posted by bitteeinbit
I added to TGL yesterday as I didn't sell during the short rally last week. Hopefully it pays off. I'm confident but if it dips below 7.5$ I'm packing my bags. I think the upside is huge though. I almost managed to scrape the bottom yesterday but I'm still not in the money.

Im right there with you on TGL. I picked up some yesterday and am just in the green currently.

[Sugarphreak]

...

[roopi]

Originally posted by Sugarphreak
Dropped into Suncor this morning after it plummeted nearly 4%, I figure the pull-out from Syria is overblown and the next quarterly report is going to show they are making a shit load of cash despite lost revenue from that operation.

I also dropped into Nexen today as well, under 15$ is a steal for those shares!

Also added Enbridge, something is happening... I can taste it!!

Have an order in at $28.60 for SU. Think the Syria thing is overblown a bit as well. Should be good for a bounce over the next 1-2 weeks.

[Sugarphreak]

...

[bitteeinbit]

SU already said they don't plan on changing production forecasts. Production is going up big time in Lybia so it'll compensate for Syria. As for ENB, it's always been a winning stock imo. Been in and out of it since it was in the mid 20s. Not currently in it but I'm kicking myself fro not picking up a few shares a few days ago when it touched the 50ma (that's usually a buy sign for me when looking @ ENB).

[bitteeinbit]

Well well well... Another poor choice it is. When I had a small profit by both COS and TGL, I decided to jump out of COS and hold onto TGL a bt longer. It's now broken down way lower what I assumed would act as resistance. FML.


Insanity: doing the same thing over and over again and expecting different results.

I think it's time I stop trading for a while, or at least start hedging myself with options. Actually no, I would probably manage to still loose money. Man, 2011 has been terrible for my portfolio. At least you can go back 3 years for capital losses apparently.

http://i133.photobucket.com/albums/q52/nitaino/gun-shot-blows-brains-out.gif

[Red@8]

I cant believe the beating TGL has taken today.

[bitteeinbit]

Yeah, it's been like that for a while. TSX will fall 1% but it'll fall 4%+. Even on rally days often it would fall. I just didn't suspect it would go past 7.5$. One of two things could happen tomorrow: either it keeps dropping like a ball because it's broken resistance or because I sold my shares, it bounces back 20%, lol. It wouldn't surprise me if it opened @ around 7.4$ and went up a bit tomorrow because of today's beating. If you're in it for the long haul it's still a good stock but the 7.5$ was my pullout. Should have taken profits when I had the chance... Live and (apparently don't) learn.

[Feruk]

Originally posted by Sugarphreak
I also dropped into Nexen today as well, under 15$ is a steal for those shares!

Eww. There isn't a price low enough for me to buy back into these losers.

[ZenOps]

Commodities plunge.

Looks like people are waking up to the fact that their paper commodities are worthless (MF global, where you can not only not get your gold and silver, you don't get your money back either)

Since paper silver and gold may be 100:1 to physical - there is a huge potential for a massive paper selloff to bring silver back to $5, yes $5.

When faced with not only being not able to get physical, but no $ either - people tend to sell in an insane fury.

Its whats known as destructive deleveraging - and it has the potential to instantly bankrupt 99 out of 100 people in the commodities market.

[Hi-Psi]

^Take whatever this guy says with a HUGE grain of salt.

[ZenOps]

Take me with a grain of salt? Nah, I'm all sugar baby.

http://www.zerohedge.com/news/denials-begin-interactive-brokers-first-claim-it-has-not-engaged-commingling-rehypothecation

Its interesting, and I don't claim to understand it fully, but the bankruptcy of MF global does have large implications for any bank.

The word of the day is "rehypothecation".

Afterall, many people were counting on those $1.2 billion worth of commodities to actually be there. Many banks will leverage out gold and silver at least at 16:1 to 100:1.

Upon bankruptcy they must absorb up to $120 billion if they levered out that particular commodity (which they all do)

Banks in the Eurozone seemed to have decided to do "competitive deleveraging" which means - look out below on commodities, they might even bring it all the way to 3:1 like china levers on copper.

Which means gold could drop through the floor (along with everything else) Slaughter all the commodity players.

[Hi-Psi]

I don't believe in people that spout doom and gloom when talking about the market. The sky is never truly falling and a look at the history of the stock market would tell you that...

[ZenOps]

Whos spouting doom and gloom about the market?

Silver has gone up 900% in the last decade. Gold up 400% or so. Which is absolutely horrible for the stock market with the Dow basically 0% over the last decade.

If gold and silver start seriously tanking on deleveraging, it may finally force people back into the market. What market are you reffering to the stock market or the commodities market?

If you are referring to commodities, physical or paper?

Wealth is not created or destroyed - it only shifts.

Seriously - get a clue, lol.

[Hi-Psi]

What I'm talking about is the fact that 95% of your posts are regurgitated drivel from some online douches blog or something of the sort spouting all the negative bullshit about the market.

You're hardly ever even remotely accurate and your posts should be taken with a very big grain of salt as some people might actually listen to your drivel and make a rash decision with their investments.

Do you even have any investments? I'm curious...

[ZenOps]

Originally posted by Hi-Psi
What I'm talking about is the fact that 95% of your posts are regurgitated drivel from some online douches blog or something of the sort spouting all the negative bullshit about the market.

You're hardly ever even remotely accurate and your posts should be taken with a very big grain of salt as some people might actually listen to your drivel and make a rash decision with their investments.

Do you even have any investments? I'm curious...

Its not drivel. The stock market (Dow) has been absolute crap over the last decade. The dollar, exact same.

http://www.kitco.com/LFgif/ag3650nyb.gif

Silver low 4.21 to a high of 48.48 in the last decade. Silver and gold not being a liability like most things (housing being a liability, even education being a possible liability)

People do not know they are in a depression until after it is over. The media has done an amazing job of keeping the masses uninformed and confused about the 10:1 devaluation of the US dollar in the last decade.

I swear ten years ago I could get corncobs for 10 cents apiece.

[Sugarphreak]

...

[dimi]

The Medusa stare?

[ZenOps]

This massive deleveraging is the right thing to do IMO.

Bring down all commodities (including food) overshoot it and bring back to trading at least to a 8:1 ratio.

Slaughter the paper commodity players who have no intention of taking physical delivery. If it requires that more commodities houses default and 90 out of 100 people do not get their commodity or money - then so be it.

Gold is kind of silly at these levels. You invest in a gold miner and get gold for $650 per ounce if you are willing to wait a quarter and don't need it in your hand right this very second.

Mind you with a greek 1-year bond now at 330%

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

Maybe people are thinking that things will blow up long before July. In which case it still makes sense to sell paper gold - which the vast majority of people hold (even governments)

I believe the only country that is currently planning on holding physical gold at 1:1 is Venezuela.

[themack89]

Originally posted by ZenOps
You invest in a gold miner and get gold for $650 per ounce if you are willing to wait a quarter and don't need it in your hand right this very second.

Explain this conjecture.

When you say 'invest' you must mean some sort of private contract with said company dealing with physical commodity. Outside of that, I fail to see how buying a gold miner stock instantly nets you over 130% if you "wait a quarter".

Please teach me.

BTW For those who are interested... Front Month Crude and Dec 2012 Crude are nearly trading at par. Although the term structure is humped like a bell curve peaking at mid-2012, this is strongly suggestive that contango is back on the horizons.

If you want something to trade without losing any sleep or instantly blowing your head off, look into this shit.

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

This is part of my hog-wash I posted on Nov 11th..


Originally posted by themack89
Gonna say this move up in crude will not last much longer than a month and we won't get much past 100-105.

Don't take my word for it, just referencing for myself. I could be wrong!

Of which crude barely scraped by 102 and seemingly wants to drop now. If this actually plays out and contango comes back I might look like a genius!

[Feruk]

Anyone own WCP or CPO? WCP bought CPO out today for dirt cheap, took on almost no debt from the deal, and established a FOURTH light oil play... and their stock goes down 6%??? Why?? I've owned Whitecap for a while and that just pisses me off.

[Euro_Trash]

Originally posted by Feruk
Anyone own WCP or CPO? WCP bought CPO out today for dirt cheap, took on almost no debt from the deal, and established a FOURTH light oil play... and their stock goes down 6%??? Why?? I've owned Whitecap for a while and that just pisses me off.

Pretty typical for a stock to decrease during an acquisition - spent a bunch of cash, more risk, etc

[ZenOps]

Originally posted by themack89


Explain this conjecture.

When you say 'invest' you must mean some sort of private contract with said company dealing with physical commodity. Outside of that, I fail to see how buying a gold miner stock instantly nets you over 130% if you "wait a quarter".

Please teach me.

BTW For those who are interested... Front Month Crude and Dec 2012 Crude are nearly trading at par. Although the term structure is humped like a bell curve peaking at mid-2012, this is strongly suggestive that contango is back on the horizons.

If you want something to trade without losing any sleep or instantly blowing your head off, look into this shit.

http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude.html

This is part of my hog-wash I posted on Nov 11th..



Of which crude barely scraped by 102 and seemingly wants to drop now. If this actually plays out and contango comes back I might look like a genius!

There are many gold miners around the world that can dig ounces out of the ground at somewhere around $650. The spot price of silver and gold is only in relation to demand and scarcity. Its not like ten years ago it cost $3 to take an ounce of silver out of the ground and now it costs $30 - its pretty much the exact same it ever was (with slight adjustements for things like wage increases, inflation and moneyprinting.)

If you own controlling interest in a miner - you can absolutely demand control over what is dug up. Which absolutely means $650 per ounce gold.

If you own a building and want to be paid in gold for rent, you absolutely can.

http://www.marketwatch.com/story/donald-trump-to-accept-gold-bullion-in-lieu-of-dollars-on-apmex-lease-at-40-wall-street-2011-09-15

People tend to think its somehow tax evasion. Its not - as long as you use the dollar value of the gold at the exact point in time that the payment is made...

Which is definitely suspect - because gold can make $100 moves in one day. But if presidential wannabe Donald Trump can do it, you should too (including four bankruptcies with no real penalties)

The real beauty of owning a gold miner is getting cheap physical gold that can then be used as collateral in a bank to be lent out in fractional reserve at 1:100 for things like US dollars. One $650 ounce of mined gold can easily be worth $160,000.

Its the game that 100 millionaires and up play.

IE: Oilsands are somewhere around $35/bbl, normal insitu old fashioned oil is $20/bbl. Everything in between the cost of what it takes to get it out of the ground and the current spot price - is yours if you own the company.

If you want to immediately sell your $20 out of the ground oil or wait for a higher spot price - it is your choice. If you want to sell your $650 ounce of gold or wait - again your choice. And yes, rich people own your ass when they can get $20 oil and $650 gold and sell it to you on the street for $1600 or through a bank with paper gold leveraged to 100x.

[ZenOps]

To add:

China owns controlling mines on Neodymium (97% of world supply). Neodymium Quadrupled in price in six months to $450 per kilogram. It did not cost China one penny more to mine that Neodymium six months ago - yet people were falling over each other to pay $450 a kilogram for it.

Personally I think Nickel is right priced at around $80 per pound (instead of the current $8 per pound) The only reason its hasn't skyrocketed is because we are being exceptionally *nice* to the US and Britain (we gave the US a billion dollars worth of free softwood lumber afterall)

We have to raise prices on nickel because since the refinery was made in 1951, 60 years of mining one of the two mines that create 70% of the worlds supply - is finally starting to show signs of running out.

Nickel bitchez!

[themack89]

Originally posted by ZenOps
If you own controlling interest in a miner.

Controlling interest... AKA Enough voting shares whereby those who participate in voting cannot outnumber you, or bare minimum 1/3 of the voting shares where you are granted supernatural powers by the remaining majority.

At the end of the day your vested interest in the company is only as strong as your vote or as valuable as the price/intricacies of whatever share type you own.

So, is there a new special rule somewhere that allows a shareholder rights to actively engage in the day to day business dealings of the company without actually working for the company or being on the board? If your answer is no, then I refer to my original question which remains seemingly unanswered:

When you say 'invest' you must mean some sort of private contract with said company dealing with physical commodity. Outside of that, I fail to see how buying a gold miner stock instantly nets you over 130% if you "wait a quarter".

Answer in plain english, if possible.

PS. AFAIK Shareholders only have asset rights in the event of a liquidation of the company. So don't go there.

[ZenOps]

Originally posted by themack89


Controlling interest... AKA Enough voting shares whereby those who participate in voting cannot outnumber you, or bare minimum 1/3 of the voting shares where you are granted supernatural powers by the remaining majority.

At the end of the day your vested interest in the company is only as strong as your vote or as valuable as the price/intricacies of whatever share type you own.

So, is there a new special rule somewhere that allows a shareholder rights to actively engage in the day to day business dealings of the company without actually working for the company or being on the board? If your answer is no, then I refer to my original question which remains seemingly unanswered:

When you say 'invest' you must mean some sort of private contract with said company dealing with physical commodity. Outside of that, I fail to see how buying a gold miner stock instantly nets you over 130% if you "wait a quarter".

Answer in plain english, if possible.

PS. AFAIK Shareholders only have asset rights in the event of a liquidation of the company. So don't go there.

Just vote down any expenditures on mine enhancements if you want to take basically the entire profit margin on gold that quarter. If you are pulling at $650 and can convince them on no expansion (not likely with this ten year runup) This is usually done if you intend to run to another commodity or mine like a silver or nickel mine like Xstrata, or even invest in a different gold mine the next year.

Its really not that hard if you basically own it. $1,000 per ounce profit is not all that much depending on how big the mine is. There are some absolutely tiny ones out there.

Oil jumpers do it all the time. They find a well, buy the well, run the well into the ground and then sell the well and find another one.

Squeeze as much profit as quick as you can - its the Texas oil way of doing things. A little bit like flipping houses, but leaving less behind than when you got it.

A 5 cent nickel nickel in 2007 would be worth 23 cents, but it does not a whole lot of good if you can only acquire and sell one nickel. Gold is the same, if you are in the 10-100 ounce range, even a small operation may be looked over even with a 1,000 per ounce profit.

7ubJp6rmUYM

And then there are the Zimbabwean townships, where the entire village scrapes by on a few ounces a year. Sure you could get gold for $300 an ounce there - but could you really sleep at night?

[Feruk]

Originally posted by Euro_Trash

Pretty typical for a stock to decrease during an acquisition - spent a bunch of cash, more risk, etc
I'd usually 100% agree with you, but these guys got a mostly oil property for dirt cheap and only paid $20MM for it (the remaining 80% in issued shares). Seems like an obvious value add at very little risk and very little actual capital up front.

[TomcoPDR]

Anybody stocking up on RIM/RIMM?

[in*10*se]

Originally posted by Feruk
Anyone own WCP or CPO? WCP bought CPO out today for dirt cheap, took on almost no debt from the deal, and established a FOURTH light oil play... and their stock goes down 6%??? Why?? I've owned Whitecap for a while and that just pisses me off.



Originally posted by Euro_Trash


Pretty typical for a stock to decrease during an acquisition - spent a bunch of cash, more risk, etc


:werd:

besides, watch what will happen in the new year w/ WCP... it should soar.

[Sugarphreak]

...

[themack89]

Originally posted by TomcoPDR
Anybody stocking up on RIM/RIMM?

Don't Tom.. Just don't.

Fading an already weak as shit stock with shitty fundamentals after a big drop is a recipe for bankruptcy.

You might win, but you probably won't.

@ ZenOps.. Your idea is based off having effective control over a hard gold producing asset (a mine). This has no bearing on stock trading which is what this thread largely consists of, nor do I think anyone posting here is in a position to assume control of such a producing asset. Thanks for your time anyways.

Contango is resurfacing even stronger today. Get on that ship everybody!

If you don't follow.. Here is a mspaint picture. It's a very basic line of thinking, but I have confidence.

http://img403.imageshack.us/img403/7996/21318160.png

[broken_legs]

Originally posted by TomcoPDR
Anybody stocking up on RIM/RIMM?


Tell us how that works out in 6 months.

[max_boost]

Originally posted by TomcoPDR
Anybody stocking up on RIM/RIMM?

Tomco, spend your money below.


Originally posted by in*10*se






:werd:

besides, watch what will happen in the new year w/ WCP... it should soar.

[leftwing]

Originally posted by max_boost


Tomco, spend your money below.



why do you think it will soar?

[Sugarphreak]

..

[Red@8]

Originally posted by bitteeinbit
Yeah, it's been like that for a while. TSX will fall 1% but it'll fall 4%+. Even on rally days often it would fall. I just didn't suspect it would go past 7.5$. One of two things could happen tomorrow: either it keeps dropping like a ball because it's broken resistance or because I sold my shares, it bounces back 20%, lol. It wouldn't surprise me if it opened @ around 7.4$ and went up a bit tomorrow because of today's beating. If you're in it for the long haul it's still a good stock but the 7.5$ was my pullout. Should have taken profits when I had the chance... Live and (apparently don't) learn.

Back in the green on TGL. I have a little less hair on my head from that swing though. Did you get back in?

[Meback]

themack89, are you slowly buying into hod.to?

[Hi-Psi]

Anyone been looking at AAA? I've been waiting to buy into it since last year and it's dropped into the low 0.80's recently and it's almost too tempting to pass up...

Some other friends of mine were happy paying $1.50 but has anyone else here bought any of their shares?

[997TT]

TGL has done well past few days.

I watch AAA but haven't bought in. I try and trade npk.

[in*10*se]

Originally posted by in*10*se
max boost quote this stock for me one year from now...

SEL.V

this is my next version of DNDN



Originally posted by max_boost


I'll quote it now. I'll throw $5k into it TFSA and whatever happens happens lol :rofl:


06-03-2010 01:59 PM
So almost 1.5 yrs later, SEL.V was renamed to WCP.TO

and i called it at 4.40 now sitting at 8.40

probably not considered a ST investment, but lets be honest, there have been very few juniors which have made an almost ~90% return in the past year...

reasons to hold:

-solid management group, sold ketch, kereco, cadence energy
- valued at ~ 4.5 x EV/DACF vs peer average of 4.8x
- good D/CF ratio, has financial flexibility to do what it needs to do
- solid netbacks
- from when i said to buy, it was 850/boe a day, it exited 2011 @ 8300boe/d, 2012 expected exit rate is 12000boe/d

[davidI]

Nice call. Question is, max_boost, did you hold it?

[Red@8]

Originally posted by 997TT
TGL has done well past few days.

I watch AAA but haven't bought in. I try and trade npk.

I got out of TGL today.

Anyone have in money in V (visa)? Not really a ST specifically, just curious. Ive looked at it a few times and its looked good to me but Ive never actually bought into it. Setting 52 wk highs here the last few days.

[bitteeinbit]

Originally posted by Red@8


Back in the green on TGL. I have a little less hair on my head from that swing though. Did you get back in?
No, I got out of both COS and TGL. Took a loss on TGL (which would have been a sizable gain) and took a slight gain on COS, which could have been much higher. I'm kicking myself now obviously... Good on you for holding through!

[Feruk]

Originally posted by in*10*se
06-03-2010 01:59 PM
So almost 1.5 yrs later, SEL.V was renamed to WCP.TO

and i called it at 4.40 now sitting at 8.40

probably not considered a ST investment, but lets be honest, there have been very few juniors which have made an almost ~90% return in the past year...

reasons to hold:

-solid management group, sold ketch, kereco, cadence energy
- valued at ~ 4.5 x EV/DACF vs peer average of 4.8x
- good D/CF ratio, has financial flexibility to do what it needs to do
- solid netbacks
- from when i said to buy, it was 850/boe a day, it exited 2011 @ 8300boe/d, 2012 expected exit rate is 12000boe/d

Whitecap, yeah awesome company. Ive owned these guys since the $5.70 mark sometime last year. Their acquisition of Compass recently was an amazing deal for Whitecap as well. They paid very little for a great asset and took on very little debt. This one's got a long way to go.

[4DoorGTZ]

Year end rise in PBN, only wish I loaded up down in the $6 range to double my money (closing above $13 today)

Where's my damn Delorean?

[Manhattan]

Any opinions on Nexen?

[Feruk]

Originally posted by Manhattan
Any opinions on Nexen?
Yeah but nothing good.

[Type_S1]

PMT --> hitting a 1 year low....seems like a good buy looking through its financials. Anyonelse see a nice little gain like I do coming from this?

[Ryan Shawcross]

No, there's a reason they're at a 52 week low right now. Total garbage company, stay away.

[5.0]

CVR

Big spike today based on speculation, "Canadian Oil Recovery and Remediation Enterprises Ltd. (TSX VENTURE:CVR)(OTCQX:CRVYF) ("CORRE" or the "Company") announces the grant of an aggregate of 3,510,842 options to acquire CORRE common shares at a price of $0.36 per common share to certain officers, directors, employees and consultants of the Company." They are waiting on upcoming contracts to be announced which will give them a good portion of the market.

[Type_S1]

Originally posted by Ryan Shawcross
No, there's a reason they're at a 52 week low right now. Total garbage company, stay away.

There is a lot of upside to the company as well at this price though. The oil+liquids plan is promising and their lands + PUDS seem to be enough to gamble a bit?

Any other thoughts on this? I might be shooting myself in the foot but I have a feeling they are a good hold at the current price...I got in this week.

[Hi-Psi]

Well guys, it's 2012 now which means we have an extra $5000 contribution room to play with in our TFSA's!

What's everyone looking at? I'm trying to decide whether to continue with high risk stocks or whether to put a couple safer bets in there this go around. :dunno:

As of right now only 1 out of 4 of my lottery tickets has hit a winner...

[Sugarphreak]

...

[Hi-Psi]

Well I think my first major purchase of the year will be TBE. I've been waiting for a long time to purchase this stock as I kept waiting for a pull-back after it started it's run last year, unfortunately that pull-back didn't come and it skyrocketed.

I wanted to buy this stock again when it dipped into the $1.50 range but didn't have the funds and wanted to put it in my TFSA but didn't have the room.

Now that 2012 is here, I have the room and the money and it currently sits at $2.13 which is still pretty cheap IMO.

Plus they just announced in Nov that they'll be merging with Emerge Oil & Gas and will offer an attractive dividend.

[4DoorGTZ]

I'm skipping my TFSA this year, already bought $5k in silver at the lows of thel ast couple days of '11

[roopi]

Originally posted by 4DoorGTZ
I'm skipping my TFSA this year, already bought $5k in silver at the lows of thel ast couple days of '11

Did you buy physical silver or...?

[Sugarphreak]

...

[Hi-Psi]

Yeah unfortunately all my buy orders missed due to the gap up this morning :-(

[cloud7]

Originally posted by Hi-Psi
Yeah unfortunately all my buy orders missed due to the gap up this morning :-(

me too... I should have bought at the end of the day Friday.

[Red@8]

Originally posted by cloud7


me too... I should have bought at the end of the day Friday.

+1

[Hi-Psi]

I was waiting for Jan 1 for my TFSA or I would have bought on Friday :(

[Euro_Trash]

I had a wish-list of stocks to pick up this week, but I might wait for a pull back. Maybe you guys can give some input:
Just Energy
BMO (longer term)
Cameco
Shoreline

[997TT]

Just added 15k shares of cll.

Let's see what happens. :D

[Sugarphreak]

...

[997TT]

I give it 2 days. Lol
Ya I filled at .86
Can't really say anymore.

[Hi-Psi]

I'm having an awful time trying to decide between some stocks I've been watching for the past 6 months.

ARN

TCK.B

CFW

Anyone been looking at any of these companies?

My TCK.B order today didn't fill and of course it rocketed over $2 today haha, oh the joys of stocks...

Jason

[Kloubek]

How about CMT? (Compton Petroleum). What an amazing fall from grace. Valued at over 2500 in 2008, and almost 2750 in the middle of 2005, and now only 4.46. Some people lost a *ton* of cash. But with their assets, one can only assume they can go up from here.

I'm considering dropping a grand in for shits and giggles. If it ever went back up to even 2g, that's a cool 2 million! :)

[ZenOps]

Looks suspiciously like a bear trap.

I will wait on the sidelines.

[Feruk]

I've had ARN for a couple months, still holding. I think the stock is worth $6.50 so I'm just sitting back and waiting.

The one I'm starting to really like is REL. Got 8000 shares at $0.24 and thinking of doubling down or perhaps even more. I've been watching them for 3 years and always thought they sucked, but they've really started to outperform my expectations. I value these guys at $0.39 - $0.42 right now.

[997TT]

Fk not the news I was expecting. Selling at open. Hopefully break even

[Sugarphreak]

...

[Hi-Psi]

Buy orders in for TBE and CFW, I decided to hold off on TCK.B for now...

I was going back and forth between CFW and TCK.B and decided on CFW due to the worries over China affecting TCK.B and the fact that 2012 should be an amazing year for drilling and fracing companies.

Keeping fingers crossed haha

[4DoorGTZ]

Originally posted by roopi


Did you buy physical silver or...?

Physical, averaged out to $30.34can/oz with the markup at Albern, testing the waters trading Bitcoins for Silver Maples.... Ordered 10 to start.

[Hi-Psi]

Picked up CFW at its low today, missed out on TBE yet again...

It's starting to look like last year with TBE, watch it for months, finally have the funds to get into it and then end up watching it climb everyday instead of just buying it. I'm one of those people though that always wants to buy on a pullback rather than at market value or while chasing. Maybe in this case I should just buy it at whatever it opens tomorrow :dunno:

[ZenOps]

Hungary 10-year govt bond now 10.5%

http://www.bloomberg.com/apps/quote?ticker=GHGB10:IND

Greece 1 year govt bond seems to be holding at 350%

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

You would be playing roulette, but I think that Greece might only go for a "half" bankruptcy, that is - you only get back half of your investment, instead of 3% of your initial investment.

Hungary is quickly heading down an unsustainable path.

http://en.wikipedia.org/wiki/Hungarian_peng%C5%91

Hungarian Pengo was arguably the worst currency ever. By the end of 1946, they were printing $100 Quadrillion notes for circulation to the public.