Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Jun 22nd, 2018 3:36 pm
Tags:
Deal Addict
Dec 3, 2014
1191 posts
253 upvotes
Ontario
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
188 posts
20 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 Fanatic
Nov 2, 2013
5167 posts
1075 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
21499 posts
3708 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
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 20K
Member
Aug 16, 2015
269 posts
37 upvotes
Good god cve is going to be the next baytex in a few weeks the way this is going.
Jr. Member
Dec 31, 2015
104 posts
18 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
188 posts
20 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.
Member
Aug 16, 2015
269 posts
37 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
4300 posts
893 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.
Member
User avatar
Oct 14, 2015
388 posts
93 upvotes
Added to PRAIRIESKY ROYALTY LTD (PSK) under $28.50

Chart will update end-of-day.

Image

http://www.4-traders.com/PRAIRIESKY-ROY ... e&mots=psk
PrairieSky Royalty Ltd. engages in collecting royalties from petroleum and natural gas production on its vast fee-simple and gross overriding royalty lands.
If readers can't do anything with the content of a topic other than argue about it, it does not belong here.
Member
Aug 16, 2015
269 posts
37 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.

Top