Member Info for Lancygeo

My apologies for posting the link below again, but well worth a read for those who haven’t read it previously and for those who like to recap on a regular basis 😊

Https://microcapclub.com/2014/08/the-conviction-to-hold/

‘A big part of successful investing is becoming content doing nothing. If you are in great companies, a lot of times your biggest risk is boredom. Warren Buffett’s famous quote, “Our favorite holding period is forever”. If he likes where the business is headed, he’ll continue to hold it and probably buy more. Don’t be active for activity sake. Remember, there are no day traders on the Forbes 400 list. Learn to be content holding and doing nothing.‘

Extract below from the Q1 2023 Market Commentary.

‘On the demand side, we believe renewables could end up disappointing. We have been critical of wind and solar due to their low energy density and poor energy return on investment (EROI). We believe the multi-trillion-dollar renewable push will be the largest malinvestment in history.’

We can all pick one up at the £1 party 😊

6500 views…. and counting 😊

3000+ metres.

https://starvalleydrilling.ca/wp-content/uploads/2020/11/Rig-Specifications-101-.pdf

Absolutely ✅

‘The well is currently setting the 95/8” casing. ‘

Excellent progress being made thus far 👍

Https://microcapclub.com/2014/08/the-conviction-to-hold/

‘Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it‘

‘When a company performs, and the story hasn’t changed, stop trying to change it. Enjoy the ride.‘

‘A big part of successful investing is becoming content doing nothing. If you are in great companies, a lot of times your biggest risk is boredom. Warren Buffett’s famous quote, “Our favorite holding period is forever”. If he likes where the business is headed, he’ll continue to hold it and probably buy more. Don’t be active for activity sake. Remember, there are no day traders on the Forbes 400 list. Learn to be content holding and doing nothing.‘

My first means of profit taking will be in the form of a Special Dividend and not before.

Just a reminder.

https://microcapclub.com/2014/08/the-conviction-to-hold/

Inniss Trinity & PRD will be reacquainted very shortly imho 😊

Donalb… many thanks.

I guarantee Paul will be 1 or more steps ahead of the game imho 😊

Donalb ….’ Ryan's new guidelines demand 3.5 times drill costs in net assets ’

Very interesting… do you have a link to the associated article please ?

Lancygeo

I’m with Bob…. let’s start with a Special Dividend from Morocco and then sit back and watch developments in Trinidad & Ireland. 😊

Good update… both sides fully committed.

I’m more than happy to hold and wait… long and strong will win the day ! 😊

Welcome back Caterham…. your expertise is a massive boost to us all in here.

Most importantly you are on the road to recovery.

Wishing you good health and happiness.

I too bought at 11.5…. My buys are an investment. 😊

Https://twitter.com/__The_Cube__

Congratulations to

@PredatorOilGas

@lonny1971

and to all long term (and new) holders.

The Guercif cat is now well and truly out of the bag.

I remain... LONG 😅

#PRD 🍒

_CUBE_

Congratulations indeed !

Massive thanks to all the contributors here for sharing their continued research, knowledge and insight.

Just re-read it for a 6th / 7th time…. a brilliant piece 😊