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Re: Teriyakicat post# 763

Wednesday, 06/08/2016 9:59:54 AM

Wednesday, June 08, 2016 9:59:54 AM

Post# of 1989
Good for you. DNR has treated me well; in fact, it's been the best of all my investments since I got back into the market in the fall of last year. I was leveraging that the price of oil was going to bottom out in November; needless to say I was off a few months; things were looking bad for a while, but I kept pumping more money in and chasing O&G stocks down like Denbury all the way down to a buck. I started buying DNR at $3-4 in November and chased it all the way down to where I was buying it when it reached a $1. I was really hurting and questioning my sanity last February, but I knew it was only a matter of time before oil started to recover. I failed at a few O&G lottery tickets that filed Chap 11, but also got out of a few before they did. So I've been all over the board and have now cashed in profits and looking to make more. So all is good, just wish I started in January instead of November. Denbury's a great company, they are a key client of my company so I know them through and through.

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