Cor

If true, do you guys think some of these advanced materials or tech could end up in the hands of a publicly-traded company for the purposes of reverse engineering and creating something useful to businesses or consumers?

LC: Very interesting read, thanks for sharing your experience. I always wondered how these sorts of deals get done when a small business exchanges hands. If you are comfortable sharing, I’m curious about the pizza shop because you mentioned the old owner seemed spread thin between running it and their other businesses. Was this a find through your existing network or a targeted search of some sort? Sounds like a great opportunity for you, congrats!

Out of curiosity if CAD continues to weaken against USD how would that affect Canadian oil stocks?

The 3M drop you’re referring to would be better viewed in context of how many new jobs were created during this time as well. What seems to be happening is a number of people left the job market in 2020 and for the remaining workers, there are now more jobs to choose from. Since employers need to put bums in those seats, their recruiters are working double time trying to poach qualified laborers by offering them better pay. Perhaps this drives more of the pay increases across the board than employees proactively asking for raises out of need.

What about VXX as an alternative to the European exercise for this play? Does it track the VIX spikes closely?

Thank you SD. And best of luck on the London venture.

@SharperDingaanThank you for your insights into this sector. Been following your O&G trades for PD, WCP and OBE - very pleased with how this balanced the rest of the portfolio in 2022. Used to hold just XOM but rotated into these instead last year and doubled down. In your opinion, if one were to hold either PD or ESI into end of this year, which do you think would do better?