Matthew wroteCOLONBet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback
"Good to be an oil man” - Daniel Plainview and Matthew
Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.
You did good on that one nicely done Matthew.
I just continue to add little bits and pieces to my BMO and cibc holdings. My yield on a cost basis for enb/BMO/CIBC is about 7% on about 40k which for me is a good chunk of money. It’s all tax free too in the tfsa.
What ya thinking right now with potential banking issues?
I'm wondering whether to sell it all or buy the dip or just hold assuming it will collapse and wait 5 years for it to get back to this level.
Matthew wroteCOLONBet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback
"Good to be an oil man” - Daniel Plainview and Matthew
Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.
You did good on that one nicely done Matthew.
I just continue to add little bits and pieces to my BMO and cibc holdings. My yield on a cost basis for enb/BMO/CIBC is about 7% on about 40k which for me is a good chunk of money. It’s all tax free too in the tfsa.
What ya thinking right now with potential banking issues?
I'm wondering whether to sell it all or buy the dip or just hold assuming it will collapse and wait 5 years for it to get back to this level.
if Canadian banks fail it’s gonna be the end of the world afaic. I am buying the dip and adding more banks as I come across cash
Also, it’s the American banking system that’s having all the issues, Canadian banks are fine and highly regulated. They aren’t going to collapse.
Matthew wroteCOLONBet on the right horse. Heavily invested in vermillion and it just nearly doubled earning expectations, reinstated a dividend, said they will do a special dividend and stock buyback
"Good to be an oil man” - Daniel Plainview and Matthew
Vermillion still destroying. Up nearly 5x since September, and doubled since the war. They are heavily invested in European gas (also oil company) so come this winter they should continue to destroy. Suspect they will be adding a big dividend after the 1st quarter of 2023 too once they've curtailed some of their debt.
You did good on that one nicely done Matthew.
I just continue to add little bits and pieces to my BMO and cibc holdings. My yield on a cost basis for enb/BMO/CIBC is about 7% on about 40k which for me is a good chunk of money. It’s all tax free too in the tfsa.
What ya thinking right now with potential banking issues?
I'm wondering whether to sell it all or buy the dip or just hold assuming it will collapse and wait 5 years for it to get back to this level.
if Canadian banks fail it’s gonna be the end of the world afaic. I am buying the dip and adding more banks as I come across cash
Also, it’s the American banking system that’s having all the issues, Canadian banks are fine and highly regulated. They aren’t going to collapse.
I didn't mean fail just if we have another 2009 and they lose 50% of their value in a short period of time.
