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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: DinoNavarre who wrote (200087)12/12/2019 3:34:14 PM
From: Logain Ablar2 Recommendations

Recommended By
DinoNavarre
isopatch

   of 206326
 
Hi Dino:

I did purchase NAT and EURN, but only starter positions. I made a mistake with AR when I purchased around $3 on its way to below $1.7 and I ended up raising cash to quadruple my AR position so cost is now 2.25.

AR is not going bankrupt and my whole premise is NG starts to spike with a cold winter. Unfortunately NG has continued to drop as production continues to increase. Hopefully last week was the turning point as many of the NG companies have had some nice spikes in the last week (led by AR with their asset sale news, although jury is still out if they will meet their goals).

Once I sell my AR position (its a trade only till sometime in February as I want to be out early) I'll be allocating funds back to gold and dividend payers.

VLCC and Sumax rates are back up again (the COSTCO deferral ends on 12/20).
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