Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Nov 22nd, 2017 9:44 pm
Tags:
Jr. Member
User avatar
Nov 3, 2008
195 posts
78 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
896 posts
125 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
Member
Jun 28, 2016
213 posts
93 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
3733 posts
150 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
7758 posts
347 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.
...zzz...zzz...zzz...

www.heatware.com
Newbie
Nov 25, 2009
89 posts
18 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
290 posts
57 upvotes
905
I wouldnt consider SU "cheap". Id target around 35 personally.
Deal Expert
User avatar
Sep 19, 2004
20319 posts
3097 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
Which Credit Cards to sign up? >> Jerry's List of Credit Cards with $200+ Welcome bonus/Aeroplan & AMEX Churning FAQ
AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 25K
Sr. Member
Feb 7, 2012
581 posts
121 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
142 posts
9 upvotes
Burnaby
Bought ALA.TO, I don't mind if they reduce Dividends, it's still really high.
Deal Addict
Jun 3, 2009
3741 posts
452 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.
Sr. Member
Feb 7, 2012
581 posts
121 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
324 posts
48 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.

Top