Was buying Goldcorp and all that oil and gas stock at their recent low a good idea? I think so. Just look at the increases below.

ARC RESOURCES           +10.30%               
ENCANA                  +96.04%
GOLDCORP                +44.17%
KINDER MORGAN           +11.04%               
ROYAL DUTCH SHELL    +12.03%
SUNCOR ENERGY           +21.67%


Isn't oil and gas being supplanted by renewables?

To a degree, yes, but it is not happening over night, and may not completely happen in my lifetime.

I would really like to buy some Tesla Motors Inc (NASDAQ:TSLA) stock ($250.07 down $-7.13 (-2.77%)) but by my own investing rules I can't.

See, I can't really read a balance sheet or income statement, but I know they are important. So, I do the next best thing. I invest by color. If I'm considering  investing in a company and its balance sheet and income statement is all black I'll give it further thought. If there is any red, I steer away.

Tesla, right now just has too much red. Will the pre orders of the model 3 offset the red? I don't know! I can't even read a balance sheet for crying out loud.

Well, after 2 months and 11 days and I am finally back up to where I was at the close of last year. It took like 3 days in early January to wipe out all my gains from the year before, and then some. But we are now back in black. My only loosing stock is KKR, down -13.49%. Yes, I know, I should have dumped it a long time ago.

Well, I don't know if this is a good thing or bad thing; it looks like all my stock orders were filled.

There is talk of OPEC and Russia cutting oil production, the markets are up 2~3%...I we are at or slightly slightly past the bottom. Time to start buying. Late Friday I put an order in for the following;

19-Feb Buy     ECA     @ $4.91
19-Feb Buy     ARX     @ $18.39
19-Feb Buy     SU     @ $30.57

If I don't get them early Monday I will change the orders to @market price.

These are my latest stock buys.

KINDER MORGAN INC     @ $14.13
KKR & CO LP        @ $14.30
ROYAL DUTCH SHELL ADR-A    @ $41.42
GOLDCORP INC         @ $15.36

Overall I am pretty happy with them, except KKR. I am seriously considering buying some more apple. If our dollar was higher I'd jump right on it.

I think there is great opportunity with KINDER MORGAN INC, and may buy more.

Trying to guess the top or bottom of anything is always risky business. For buying, the best strategy is to let it hit the bottom and buy as it starts to climb. Of course, the natural fear is that you are going to miss an opportunity.

With WTI Crude Oil  at $30.44 and Brent Crude Oil at $30.86 I think we are close to the bottom. I am not going all in, but nibbling at oil stocks. Only go for the robust, well funded stocks. For example, in Canada, go for Suncore or Arc resources over batex. You may make more money with batex, but it is way more risky.

Anyway, nibble away.