I'm Buying Sandtorm Energy and Metals (STTYF)
I've been saying for the past few months that the market needed to take a break from the relentless upward trend. In my opinion it just simply wasn't sustainable. I'm not saying we need a crash, but a healthy correction is always a good thing for the markets.
Hopefully, and this is a big hopefully, we are now seeing the market correction that I have been accumulating cash waiting for. I'm not confident this will amount to much, but I'm itching to pull the trigger if a correction does come to fruition.
With all that being said, I do think now is a good time to start accumulating shares of Sandstorm metals and energy. This stock has been beat down and presents a great buy at these levels. I strongly believe STTYF will become cash flow positive this year, likely Q3 or Q4 at the latest. Even if we do get the correction and Sandstorm falls further I still believe this is a great entry point to start building a position.
Deej as well as others have discussed STTYF extensively on Caps recently, I recommend reading TMFDeej blogs for an extensive look.
Happy buying Fools. Stay safe out there in this volatile market!