Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Nov 20th, 2017 3:09 pm
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Deal Expert
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Sep 19, 2004
20305 posts
3092 upvotes
Waterloo
Only major ones I recall lately is VII/Seven Generations on TSX
https://www.americanbankingnews.com/201 ... stock.html

CPPIB bought MILLIONS above $20...only to see it drop to $17.xx yesterday and $18.xx today (+5%)
Not sure if they're smart :)
On Tuesday, October 10th, Canada Pension Plan Investment bought 860,300 shares of Seven Generations Energy stock. The shares were acquired at an average cost of C$20.35 per share, with a total value of C$17,507,105.00.
On Thursday, October 5th, Canada Pension Plan Investment bought 337,000 shares of Seven Generations Energy stock. The shares were acquired at an average cost of C$20.30 per share, with a total value of C$6,841,100.00.
On Tuesday, October 3rd, Canada Pension Plan Investment bought 744,690 shares of Seven Generations Energy stock. The shares were acquired at an average cost of C$20.08 per share, with a total value of C$14,953,375.20.
On Wednesday, October 4th, Canada Pension Plan Investment bought 303,900 shares of Seven Generations Energy stock. The shares were acquired at an average cost of C$20.23 per share, with a total value of C$6,147,897.00.
On Friday, September 1st, Canada Pension Plan Investment bought 1,460 shares of Seven Generations Energy stock. The shares were acquired at an average cost of C$19.22 per share, with a total value of C$28,061.20.
TD remains bullish, ACTIVE LIST BUY on PD with PT C$6 (100% upside)
It closed ~$3.26 today (+10% today)
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Deal Addict
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Dec 21, 2005
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Markham
IrwinW wrote:
Oct 27th, 2017 12:48 pm
Last night I looked at about 20 U.S. stocks in different sectors, looking for more insider buying than selling; I couldn't find any.

Here is ConocoPhillips (COP) with no insider buying or selling in the past 3 months.
http://www.nasdaq.com/symbol/cop/ownership-summary

If one buys the notion that insiders are "smart money", the conclusion should be obvious.

Unfortunately, I don't know of a "free" site with this kind of info for Canadian stocks.
TD has a daily Canadian insider report; otherwise you have to lookup the info on sedi.ca

iirc, insiders have been buying at CJ and GXO; i assume it's earnings blackout so the purchases were mostly in September
:idea: :) :lol: :razz: :D
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loopy1984 wrote:
Oct 27th, 2017 6:43 pm
Oil
Hit 54???? Wow
WTI is $54
Brent is over $60 USD
2 year highs

You wouldn't know from the TSX or SP500 Energy sector b/c nobody is at 52w highs
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Jan 27, 2016
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Toronto, ON
OIL on fire- 54.97 wti

The American Petroleum Institute (API) reported a huge draw of 5.087 million barrels in United States crude oil inventories, largely in line with an S&P Platts’ survey of analysts that expected inventories would draw down by 1.4 million barrels for the week ending October 27—continuing the extended drawdown in recent weeks.

Gasoline inventories, according to the API, saw a major draw of 7.697 million barrels for the week ending October 27, against an expectation of a much more modest draw of 1.7 million barrels. Other analysts, according to Market Watch, estimated a draw of 2.5 million barrels.

Both WTI and Brent benchmarks were up on the week and are now up at nearly two-year highs on renewed faith in OPEC’s ability to rebalance the oil market, aided by the notion that OPEC is likely to extend the current production cut deal until the end of 2018. Further support came from supply disruptions in Iraq post-Kurdish referendum.

The fears of some that the goal of rebalancing is but a pipedream are offset by a few analysts who are seeing a possible swing in the opposite direction, with one Reuters analyst cautioning that “The fear of oversupply could easily turn to a fear of undersupply if inventories keep declining like they have been and demand continues to grow.”

Crude oil inventories have drawn down a total of 35.1 million barrels since the start of 2017, according to API data.

The WTI benchmark was up .09 percent on the day to $54.20 at 12:59pm EST—almost $2.00 per barrel over last week’s levels. Brent was trading up 0.28 percent on the day at $60.76. Both benchmarks continued to creep up as the data release drew near.

Gasoline was trading up 0.84 percent at $1.728—almost 10 cents above last week.

Related: Are Coal-Fired Power Plants Set For A Boost?

Distillate inventories also saw a sharp decline this week, down 3.106 million barrels. Analysts had expected a drop of 2.5 million barrels.

Inventories at the Cushing, Oklahoma, site decreased by a small 263,000 barrels this week.

The U.S. Energy Information Administration report on oil inventories is due to be released on Wednesday at 10:30 a.m. EDT.
Deal Addict
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Dec 21, 2005
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Guess traders are taking profit

5.8M draw and wti goes down to 54.xx from 55
:idea: :) :lol: :razz: :D
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Sep 24, 2001
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Cve News

Cenovus Energy (NYSE:CVE): Q3 EPS of $0.28 beats by $0.17.
• Revenue of $4.39B (+48.8% Y/Y) beats by $600M.
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Chance7652 wrote:
Nov 2nd, 2017 8:48 am
Looks like ENB missed by $0.05 and ENF hit their earnings. Not that it means much but pre market both are up.

https://seekingalpha.com/news/3307240-e ... isses-0_05
https://seekingalpha.com/news/3307393-e ... q3-results
ENB -2%
ENF flat
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jerryhung wrote:
Nov 2nd, 2017 9:34 am
ENB -2%
ENF flat
Looks like a buying opportunity for both. Its a miss but ENB reiterated their guidance for the year $3.60-$3.90.

Not sure what is happening with ENF which started up for the day but has been dropping since.
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Jun 28, 2016
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Chance7652 wrote:
Nov 2nd, 2017 10:27 am
Looks like a buying opportunity for both. Its a miss but ENB reiterated their guidance for the year $3.60-$3.90.

Not sure what is happening with ENF which started up for the day but has been dropping since.
Bought both. I think that ENF is just contagion from ENB (its parent). ENF's earnings hit, unlike ENB, so I'm pretty sure it's unwarranted.
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Mar 3, 2011
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"Just because we own it!" I like this one
jerryhung wrote:
Nov 2nd, 2017 10:17 am
Just because we own it and catch it falling knife :(

ENB -3% now to $47.5
ENF was flat, now -3% to $29.4 despite ER meet

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