Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Mar 4th, 2024 9:55 am
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Deal Fanatic
User avatar
Dec 21, 2005
5865 posts
1672 upvotes
London, ON
jerryhung wrote: I don't see any gains in "Energy" names LOL
Mid-stream and pipelines were up
IPL +0.6%
TRP +1.2%
PPL +1.6%
KEY +1.9%
ENB +1.9%
💡😃😂😄
Deal Expert
Jan 27, 2006
21828 posts
15583 upvotes
Vancouver, BC
charliebrown wrote: Mid-stream and pipelines were up
IPL +0.6%
TRP +1.2%
PPL +1.6%
KEY +1.9%
ENB +1.9%
Don't forget that many of them have a nice large dividend as well so the total returns aren't bad.
Deal Guru
Aug 17, 2008
10945 posts
13446 upvotes
Hey @PhotoSmurf you must have something on. I'm long CPG from $4.14 for a good time, but not a long time. Any view on this or anything else in this sector?
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Member
Feb 13, 2017
369 posts
350 upvotes
toronto, ontario
MrMom wrote: Hey @PhotoSmurf you must have something on. I'm long CPG from $4.14 for a good time, but not a long time. Any view on this or anything else in this sector?
Haha... nope, no recent oil positions.

Funny thing is I'm a professional money manager but my individual stock picking abilities are unremarkable.

But I've made a killing this year---in both professional and personal accounts---from SPX index and TSX index ETFs .

Note: I sold 100% of my TSX index ETFs on June 18, 2019 and 100% of my SPX index ETFs on July 10, 2019 (today).
Deal Guru
Aug 17, 2008
10945 posts
13446 upvotes
PhotoSmurf wrote: my individual stock picking abilities are unremarkable.
Maybe that's a timeframe thing? Smiling Face With Sunglasses

I'm trying to reduce my longs as well, but I have targets for each. i.e. MFC > $25. They are close, but not there yet. Someone looks like they are a buyer of CPG. I'm a seller in the $4.50 area, https://invst.ly/b85pf Thanks for the quick reply.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Guru
Aug 17, 2008
10945 posts
13446 upvotes
Sold CPG at $4.49 that I bought here.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
Sep 24, 2001
1426 posts
186 upvotes
Toronto
IceQue wrote: Holding 5000 Shares of CPG @ $3.75..long term.
Sold my position today @ 4.50.
Deal Addict
User avatar
Oct 14, 2015
2116 posts
2515 upvotes
In this video from March, Chuck (FASTgraphs) does a quick evaluation of Master Limited Partnerships.
Although TransCanada is not an MLP, he shows a comparison between the US listing and the TSX listing.

TRP-us @ 15:13
TRP-tsx @ 19:53

Deal Addict
User avatar
Oct 14, 2015
2116 posts
2515 upvotes
"Phillips 66: (PSX-us) Why It Should Be In Your Portfolio"
https://seekingalpha.com/article/427495 ... -portfolio
It's hard to gauge the genuine average P/E ratio of the energy sector as a whole. However, Chevron (CVX), Exxon (XOM), and Suncor (SU) all trade a P/E ratios around 17; all companies are Phillips 66's competitors. Looking at Price-to-book, PSX generally trades around 2x book, thus, PSX is also currently trading 15% lower than its normal P/B.
Disclosure: I own PSX at an average price of $91.
Ex-dividend ($0.90 per share) is August 19.
PSX has had a 25% pop since the May lows, so I'm not adding here;
but if I see $95 before ex-dividend date, I may buy more.
Member
Oct 13, 2009
294 posts
74 upvotes
North York
jerryhung wrote: weird day

PD -6% not sure why
MEG +3%
others are mostly flat
ECA and CPG both down over 5%
Deal Guru
Aug 17, 2008
10945 posts
13446 upvotes
jerryhung wrote: weird day

PD -6% not sure why
MEG +3%
others are mostly flat
MEG et al moved on tighter WCS I guess, https://www.spglobal.com/platts/en/mark ... e-oct-2017

Back into CPG just to be involved at $4.24

Update: World peace hitting oil prices

Last edited by MrMom on Jul 16th, 2019 2:12 pm, edited 1 time in total.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Addict
Feb 26, 2017
2891 posts
4551 upvotes
I'm likely going to sell a large portion of my KEY shares if it get above 37. I'll probably wait for the earnings on Aug 6th and sell if there is good news. Last year they announced a dividend raise with Q2 earnings. If the results are alright and they raise the dividend it could give the stock a nice bump.

I think KEY is still a bit below fair value at 37 but with the stock being up almost 40% this year I'm thinking they will likely do a bought deal soon.

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