Q: Hello Peter and Co.:
If you were to suggest one oil stock to buy today for a 2-3 year hold what would it be? I'm looking at VET or WCP but maybe you like a different one.
My only other energy holding right now apart from IPL and PPL (utilities?), is PEY, which I intend to hold onto and possibly add to at these levels.
I could be wrong, but I can't see there's much downside to Canadian energy companies right now. Getting paid around 6% to wait a year or so for the recovery seems like a pretty good deal to me.
Buy low and sell high is the thing to do, we all know that, but actually DOING it is extremely hard because it feels like the completely wrong thing to do! In my limited experience managing my investments, it seems that doing the complete opposite of what feels good generally leads to success...
Would love your take on this.
Thanks for all your excellent advice over the past couple of years.
If you were to suggest one oil stock to buy today for a 2-3 year hold what would it be? I'm looking at VET or WCP but maybe you like a different one.
My only other energy holding right now apart from IPL and PPL (utilities?), is PEY, which I intend to hold onto and possibly add to at these levels.
I could be wrong, but I can't see there's much downside to Canadian energy companies right now. Getting paid around 6% to wait a year or so for the recovery seems like a pretty good deal to me.
Buy low and sell high is the thing to do, we all know that, but actually DOING it is extremely hard because it feels like the completely wrong thing to do! In my limited experience managing my investments, it seems that doing the complete opposite of what feels good generally leads to success...
Would love your take on this.
Thanks for all your excellent advice over the past couple of years.