Grommit, geez, I find your post here very unnerving -
"This week I moved my stock portfolio to be 40% Canadian Oil Sands Companies..."
From my understanding of what I've read of your posts over the past years, that is one strong call. You must be very sure of your research and conclusions to be making what seems to me to be such a large and abrupt change.
Very ominous for other stocks, if you're THAT right about oil.
And you could be. I've certainly been upping my oil/gas/related positions over the past year or so. And now they account for a nearly uncomfortably large component of my portfolios. I've slowed down as these stocks have corrected, but now maybe I best continue to add. Somewhat worrisome to me that I've slipped here in this sector from trying to make value calls to making a macro call - a macro call that appears reasonable, maybe obvious (therefore wrong?) - yet even if true (oil prices are going up because scarcity increases), doesn't necessarily have to translate that money can be made by buying these stocks now.
Anyway, I upped my tiny position in PCZ today at open a little. They have an oil sands component:
petro-canada.ca
I also upped my exploratory position in rail roader, NSC, by a few shares too.
Holding shares of NXY, SU, and a tiny few of CNQ. I might add to CNQ if it retracts a bit from today's good move |
