... but pick it up when it's lying on the ground! This saying was my inspiration to enter $CNQ (-2,6 %) yesterday with a small position. Small, because I am also "small" - in terms of capital, not spirit.
Why? $CNQ (-2,6 %) ? For me it was a mixture of investing in a stable stock (which also pays a small dividend) and which lowers my BETA in the portfolio, but also the current political situation around the Strait of Hormuz - remember? There was something about a ceasefire and Iran somehow not wanting to stick to it after all?
Personally, I see $CNQ (-2,6 %) in a good position either way, because: They will continue to produce oil and make money... if the Strait of Hormuz doesn't open (which it doesn't look like it will in my estimation), the price of oil will rise again and the value of $CNQ (-2,6 %) will presumably follow suit. If, as we all hope, there is peace in the box after all, the price of $CNQ (-2,6 %) will nevertheless continue and presumably continue its upward trajectory comfortably, almost with stoic composure; after all, if you look at the fundamentals, the value is certainly a little undervalued...
What do you think of these theories? Are they the figments of an idiot's imagination or perhaps ideas that have some merit?
