I don't watch the financial networks. I'll watch videos on the websites if I'm interested in the subject matter or speaker. But I think watching regularly hurts investment performance.
So that creates a bit of a problem for me. I don't know why I'm supposed to be panicking. Because I'll tell you what, shareholders of Canadian oil producers are once again in a full out panic.
Is it because oil is at $96? Does that cause a panic? I don't know. Greece again? Spain?
What I do know is that there is no bigger disconnect right now than there is between prices an acquirer would pay and the stock prices of small and mid-sized Canadian oil producers. Here is one example that I don't own but may soon, cut in half in two months with no change in the assets the company owns: