The story of Point Loma has been very much different than what I was thinking. Meaning: The stock has been a big disappointment. Source: StockCharts.com But still, there is some value in the company. Indeed, Point Loma owns a substantial number of prospective Duvernay oil sections. Let’s value this land using the recent hostile takeover […]
Despite mostly upbeat Q2 results, my stock picks aren’t moving higher. Sentiment is still negative in the energy market, capping energy stocks gain. Painted Pony and Point Loma are underperforming. Prairie Provident and Granite Oil are my two favorite buys right now. Click here to read the entire article on Seeking Alpha.
Here are the current holders of Point Loma Resources (PLX). Source: Cadotte Capital Partners Insiders own 22% of outstanding shares. Disclosure: I am long PLX. Not for republication on Seeking Alpha.
Last week’s sell-off was a one time event: Stability in the oil market should return. Selling overleveraged and low netbacks oil producers. Adding to my favorite Canadian E&Ps. Click here to read the entire article on Seeking Alpha.
Last Wednesday was a test for energy investors. Did you resist the urge of following the masses by selling your energy holdings? I resisted. I added to my favorite energy holdings last Wednesday, which are Gear Energy, Point Loma Resources and Raging River Exploration. Those companies can survive low oil prices and then thrive once […]
I am now well positioned for 2017 after another series of move in my portfolio. I added to my positions in Painted Pony Petroleum and in Gear Energy by selling part of my position in MEG Energy. I am preparing my portfolio for lower oil prices. I opened a position in Tidewater Midstream & Infrastructure. […]