DividendDave

Likely just One of the Daves you know

[DividendDave @DSteinmoeller]

Energy (+ more) 2025 year in review and lessons learned. I had my best year since 2021 on a percentage basis and best year ever on a total returns basis. Fortunately, I had no tax loss selling to do unlike last year. I traded / swapped names more than I planned to but ended up getting a lot right in ‘25. My biggest wins came from loading up on $WCP and $CNQ on the liberation day puke using margin. H/T to @HTMEnergy @ShaleTier7 for publishing some timely notes around Liberation Day that helped my conviction. I also had big gains from $PEY and $SDE in the energy space. Still massively long $WCP and holding $CVE (post MEG deal), $FRU and $TPZ as my energy bets heading into 26’. I avoided options for the most part and honestly don’t miss them. I also had some success outside of energy this year with a large position in $EQX gold more than doubling (patience was required but management is finally delivering on the promise of their asset base and a raging gold Bull market). I also did well buying $IVN when it was beaten up and a basket of silver juniors. I would like to thank @jenstilmanydots and her crew for helping me
Up my metals game and the Energy Bros for being a continuous sounding board and source of wisdom. The key lesson learned (reiterated) from
2025 is to buy with both hands when there’s blood in the streets- Liberation Day was a gift for those bold enough to seize the opportunity. My main goal for 2026 is to not round trip this year’s gains. I’ve diversified into mid stream, REITS, and telecom and continuing to focus on energy royalty names (above) and rotated half of my $EQX profits into $ELE to try and de-risk my portfolio a little. I’ll share an updated holdings pie chart soon. Have a great 26 everyone !

[DividendDave @DSteinmoeller]

@garquake @BB19043 @ArturoVandelayI

[DividendDave @DSteinmoeller]

@rockcreekfreak

[DividendDave @DSteinmoeller]

@RealPeterLinder @NuggetCapital

[DividendDave @DSteinmoeller]

@ArturoVandelayI @CaptnForesight @RazorOil @WhiteTundraSG @IBB_INVEST @JoshYoung Good list of names, my personal top 3 are $CVE.TO $WCP.TO and $SCR.TO

[National Post @nationalpost]

Terry Newman: Quebec's provincial police should protect residents, not foreign-interest agitators
https://t.co/PlhBuU9ER2

[DividendDave @DSteinmoeller]

@Rory_Johnston 2026?

[DividendDave @DSteinmoeller]

@EnergyInvest0r Those crack spreads 👀

[DividendDave @DSteinmoeller]

@EnergyInvest0r

[Michelle Rempel Garner @MichelleRempel]

https://t.co/0ScvDA6K0N

[Ezra Levant 🍁🚛 @ezralevant]

Every single person charged with antisemitic hate crimes in Toronto today is a foreign national. https://t.co/jIHWwYnUf6

Hosaam Hemdan
Omer Turcan
Syed Hussaini
Hasan Aydin
Yasaf Shaikh

Why are we importing antisemitic criminals to Canada?

Jail and deport.

[Brian Lilley @brianlilley]

Supporters of the Iranian terrorist regime protest Jewish seniors as the cops look on.
I hope everyone can see why the PM needs to call out antisemitism in Canada.
Let's hope he does so today and does so unequivocally.

[KramerKarma @KramerKarma1]

$CVE Cenovus Energy
With low Q2 downtime (up&down stream) $10+/bbl higher price I think they hit 6B net debt & up NCIB 25% to 75% efff.
At least +1.1B efff
6B ncib fy? + 100,000 growth (8B value) ... 14B in value 19.71% of value creation. Amazing for a large cap.

[The Food Professor @FoodProfessor]

So let me get this straight...

Canada is in a recession—the only G7 country currently in one. Unemployment is up. Inflation is rising. Food insecurity is at a record high.

Yet the highest proportion of Canadians since 2017 now say the country is on the right track.

That's either a remarkable display of optimism—or a sign that many Canadians aren't getting the full economic story from the news they consume.

[Art Berman @aeberman12]

Trump's message is simple:

Open Hormuz.
No tolls.
No mines.

Iran's message is equally simple:

We control Hormuz.
Any questions?

But a deal is just waiting for Trump's signature
#Oil #Hormuz #Iran #Geopolitics #EnergySecurity #MiddleEast #Shipping #Markets #WTI #Brent

[Ron Butler @ronmortgageguy]

Steven Guilbeault: Climate Change Fanatic & Destroyer Of Economies Leaves Government

Thank You Jesus: we need this good news in Canada

M. Guilbeault: a man who's facial expression was ALWAYS identical to someone who just smelled a fart is finally out of Parliament

2/

[Ezra Levant 🍁🚛 @ezralevant]

93 different Tim Hortons are looking for Temporary Foreign Workers RIGHT NOW.

Why do they hate Canadians so much?

[Steve Saretsky @SteveSaretsky]

@natnewswatch @stephanie_ha @VassyKapelos This would be a huge win for Canada

[DividendDave @DSteinmoeller]

@tsxman Big insider buying at $CAR.UN.TO lately. Insiders bought a lot in the $33s

[Terry Newman @terrynewman]

There are monsters in Canada tearing down posters about this missing Jewish girl.

Please circulate this to help find Esther.
#EstherIsMissing

[Ron Butler @ronmortgageguy]

@ChrisSpoke Jesus, you pour out such a huge volume of BS

The truth doesn't need 15 paragraphs