Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • May 26th, 2017 11:32 am
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Jr. Member
User avatar
Nov 3, 2008
144 posts
56 upvotes
National Capital Reg…
llpresident wrote:
Jan 19th, 2017 8:11 pm
KEL.TO pump on BNN today. Anyone own it / like it?
I own it and like it, in pair with CNE.TO to limit single company risk.
Sr. Member
Nov 28, 2010
715 posts
69 upvotes
Brampton
jerryhung wrote:
Jan 23rd, 2017 1:27 pm
bought some XEG @ $13 [52w $14.68-$8.66]
can't believe it's back to the Nov 30th/OPEC production deal level
Yeah, I'm wondering why it's dropped so much lately, I thought it's supposed to be less volatile thatn HOU but it feels like it's been dropping by a lot more while HOU has stayed above or around $8 for a while
Jr. Member
Jun 28, 2016
141 posts
38 upvotes
endokuken wrote:
Jan 23rd, 2017 7:02 pm
Yeah, I'm wondering why it's dropped so much lately, I thought it's supposed to be less volatile thatn HOU but it feels like it's been dropping by a lot more while HOU has stayed above or around $8 for a while
I think the difference is that HOU tracks oil prices, which are still fairly high, while XEG holds Canadian oil companies, which have been getting hammered due to first Paul Ryan (and today, the Trump admin) floating the idea of a tax on Canadian oil imports. I'm very skeptical that such a thing will actually be introduced, but I do think it's why Canadian oil companies have been hammered especially hard lately.
Deal Addict
User avatar
Oct 5, 2003
3731 posts
149 upvotes
What are the thoughts on Cenovus Energy? It's at levels that haven't been seen since early November. Around $18.50 currently.
Deal Fanatic
User avatar
Jun 11, 2001
7747 posts
346 upvotes
Unsure odd it's not really inline with Crude prices at all, sorta like GTE stock, which i'm also eyeing as it is at 6mth lows.

BTE has some decent gains today after a pretty bad run past few weeks (+6%)

HSE also pretty decent run at (+5%), much steadier even though it's been a loser for a while.
Justin wrote:
Jan 24th, 2017 9:25 am
What are the thoughts on Cenovus Energy? It's at levels that haven't been seen since early November. Around $18.50 currently.
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Newbie
Nov 25, 2009
68 posts
10 upvotes
Vancouver
Good time to buy back in? I'm looking to snatch some shares of CNQ or SU up for cheap... for the medium/long term.
Member
Oct 29, 2014
241 posts
34 upvotes
905
I wouldnt consider SU "cheap". Id target around 35 personally.
Deal Expert
User avatar
Sep 19, 2004
19428 posts
2795 upvotes
Waterloo
Wow.... crude is only down 1.5% and still near 52w high, like $53
52 wk Range 26.05 - 55.24


But Canadian energy sectors are like 3 months low, to pre-OPEC deal prices
Look at TSX Energy sector today...getting KILLED ... US Energy is little red only

I bought VII and BNP
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Sr. Member
Feb 7, 2012
574 posts
120 upvotes
SCARBOROUGH
jerryhung wrote:
Feb 6th, 2017 2:51 pm
Wow.... crude is only down 1.5% and still near 52w high, like $53
52 wk Range 26.05 - 55.24

But Canadian energy sectors are like 3 months low, to pre-OPEC deal prices
Look at TSX Energy sector today...getting KILLED ... US Energy is little red only
Can it be related to Trump, buy American, and the border tax song?
Jr. Member
Nov 4, 2012
110 posts
7 upvotes
Bought ALA.TO, I don't mind if they reduce Dividends, it's still really high.
Deal Addict
Jun 3, 2009
3446 posts
385 upvotes
Montreal
Is anyone holding CJ.TO and CNQ.TO for the long run? The balance sheet and dividends aren't too shabby on both so I can afford to wait.
Zoomer: $36 nationwide + 2GB
Sr. Member
Feb 7, 2012
574 posts
120 upvotes
SCARBOROUGH
cn_habs wrote:
Feb 6th, 2017 11:10 pm
Is anyone holding CJ.TO and CNQ.TO for the long run? The balance sheet and dividends aren't too shabby on both so I can afford to wait.
rodbarc offered his opinion on CNQ less than a month ago in the Dividend Growth thread.
Member
Dec 23, 2008
311 posts
41 upvotes
Toronto
Oil prices fall as API data show U.S. crude supplies up more than 14 million barrels last week.
The American Petroleum Institute late Tuesday reported a much bigger-than-expected increase of 14.2 million barrels in U.S. crude supplies for the week ended Feb. 3, according to sources. Analysts polled by S&P Global Platts forecast a climb of 2.5 million barrels.

Source: http://www.marketwatch.com/story/oil-pr ... 2017-02-07

High variance to Fcst. But API reports are questionable. Interesting to see how the markets will react tomorrow.
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