I consider myself a pretty good trader (13.5% annual return every year over the last 5 years), but in those 5 years I've always struggled with Canroys (i've broken even over all)
It seems when oil goes up it takes the Canroys 6 months to respond by going up as well, when it goes down they respond on the downside in 2 days..
Added to the enormous complexity of the factors that determine energy prices and exchange rates, the poor liquidity of the stocks, the aggravation over exchange rates, tax withholding on distributions, etc..
sometimes it just seems to me that unless u happen to have worked in the industry and have a keen understanding of it, why bother?
You're right about the poor liquidity. I took a 2% hit off the converted Canadian price when I sold SHN and AE today. Back when I was buying, it only took a couple of pennies over the conversion price to get a fill. Now that I'm selling, it's taking 3 times as much spread.