Good advice Traps,
I have made enough in capital gains and net worth to qualify this year for most flow-through offerings.
Oil has been good for me, and could be good for all on this board.
XEL has drilled a pilot hole that returned 113 ft of oil pay. They previously thought that there was 73 ft of pay.
They are now working on getting a flow rate out of the field and anything north of 1200 bpd will have this share price explode to the upside. As of today, they are trading at above 2.90. I expect a day or 2 of pullback as the share price may have gotten ahead of itself while we all wait for the TD news anticipated in the next 2 weeks.
I have been in this one for a year and was buying at .40.
I have made more money on this stock alone than I have made in SGR. All of it tax free, as I placed it in my TFSA.
Conservative estimates put the SP at 5.40 over 12 months. I think it should be closer to 6.00, from here it would be a double. In 5 years this could be north of 20.00 undiluted.
Please do some research and you will see.
Andy
