Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Sep 21st, 2017 11:23 am
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Sr. Member
Dec 3, 2014
914 posts
162 upvotes
kilburn305 wrote:
May 30th, 2017 11:09 pm
The only explanation is hardly anyone in Canada is profitable at 50 a barrel?

I guess steer clear of Canada and go with something in the Permian basin???

The only one not falling off the cliff yet is suncor.
None of the companies fell enough when crude was at $30. The situation is far less precarious right now and some of the stocks look to only now be fairly valued IMO.
Newbie
Jul 23, 2007
84 posts
15 upvotes
ZEO etf still the way to go? I am incapable of picking out individual equities, lol.
Jr. Member
Mar 11, 2017
153 posts
19 upvotes
BC
Lots of fear + bad news + cyclical industry and on and on.
Just like any other times, but I am not jumping in just yet.
Deal Addict
Nov 2, 2013
4607 posts
810 upvotes
Edmonton, AB
Do realize this is a stock thread but the Alberta real estate market is slowly shifting away from a buyer's market. Actually some lower priced properties like duplexes actually jumped in price as people downsized or looked at cheaper family housing, though it is also consequence of the new stiffer mortgage rules back in October 2016.
Deal Expert
User avatar
Sep 19, 2004
19965 posts
2979 upvotes
Waterloo
All news are "interpreted" as bearish despite not so

Oil is -5% this week, on continous draws and OPEC cuts...yep
Nothing can bring oil up, so it seems
Downtrend/momentum is too strong, just like CAD dollar
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Jr. Member
Aug 16, 2015
105 posts
11 upvotes
Good god cve is going to be the next baytex in a few weeks the way this is going.
Newbie
Dec 31, 2015
51 posts
11 upvotes
kilburn305 wrote:
Jun 2nd, 2017 3:21 pm
Good god cve is going to be the next baytex in a few weeks the way this is going.
CVE is killing me!!
Jr. Member
Mar 11, 2017
153 posts
19 upvotes
BC
ontariobrent wrote:
Jun 2nd, 2017 5:12 pm
CVE is killing me!!
The insiders of CVE bought a lot of shares in May -----> if that makes you feel better.
Jr. Member
Aug 16, 2015
105 posts
11 upvotes
ontariobrent wrote:
Jun 2nd, 2017 5:12 pm
CVE is killing me!!
Ya I could probably justify holding it if the dividend wasn't ass, really tempted to capitulate here. Wish I bought GXO or BNE.
Deal Addict
User avatar
Dec 28, 2007
3576 posts
631 upvotes
Alberta
syphonefly wrote:
Jun 2nd, 2017 6:44 pm
The insiders of CVE bought a lot of shares in May -----> if that makes you feel better.
Me too, I picked up some CVE yesterday.
Jr. Member
Aug 16, 2015
105 posts
11 upvotes
jerryhung wrote:
Jun 7th, 2017 5:56 pm
Oil at 11 months low. Energy owners and TSX are doomed while U.S. shale stubbornly pumps
Good lord. Funny that GXO seems to be the least hard hit aside from monsters like Suncor and cnq. And gxo also pays the best dividend.

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