Which CDN energy ticker should rebound hardest if bottomed? Im thinking CNQ.
is now the time to invest in oil stocks?
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- SCORE+30
- LongLiveRFD
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- GTA
- 1xTiMeR
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I read that most oil companies hedges were for WTI in the $40 range.EasyCompany251 wrote: ↑ I believe oil producers have some hedges in place, so they aren't necessarily eating WCS prices at these spot prices.
But a few months out........could be a big price/cost issue.
Nobody saw $20, hence, the 50-80% dips we are seeing in equity prices.
Companies are losing money just fulfilling their obligations to ship their WTI via pipelines.
"If you make a mistake but then change your ways, it is like never having made a mistake at all" - Confucius
- Asheron
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- Sep 23, 2010
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...management is still operating an oil company and wants to get paid. I am sure management will be doing their best and "hoping" for a rebound, but the cynical view of why they will never pack it in and keep operating at a loss is because their jobs depend on it. IMO, this will be a problem across the industry until there are much more significant production curtailments as a result of bankruptcies. It remains to be seen how well the oil industry can do compared to mining as far as putting assets into care and maintenance. I wouldn't be optimistic on that front given the triple whammy of economic downtown, price-war, and pointed effects on auto & airline fuel usage.
- MrMom
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- flying triangle
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I keep buying the dips on ipl for long term. Just read these they cut their dividend down to .04$ a share. Dang, let’s see how much further down it’ll go.
- craftsman
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- Jan 27, 2006
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The dividend cut may just better stabilize the stock price as their outlays are now much lower. I suspect that they might be having trouble forecasting revenues for their new plastics plant (ie no one wants to commit to buying anything from anyone) so they need to start planning out for the longer term.flying triangle wrote: ↑ I keep buying the dips on ipl for long term. Just read these they cut their dividend down to .04$ a share. Dang, let’s see how much further down it’ll go.
- divx
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There isn't much economical activity to be taxed these days though, even a pst would not do much till recovery. It would be quicker for Quebec to send over some transfer payment back.
- qbacreative
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- Icekain
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HOU instead is the better one i think =D
- Charles
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- YVR
SU is our biggest natural gas mover. Natural gas prices have been stable. And SU's main business imo is ngas. So market may have realized SU and others like CNQ and IMO are oversold and accordingly bounced big big today...just my 2 cents.ukrainiandude wrote: ↑ Why SU is up if oil is down is a mystery to me.
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- Brewmaster7
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- Aug 15, 2016
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Sorry, but this is just wrong. I think you might be mixing up SU and CNQ. Suncor produces virtually no natural gas. If anything, they are a net consumer for their oil sands ops.
- IrwinW
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+1 good catch - some people just make shit up.Brewmaster7 wrote: ↑ Sorry, but this is just wrong. I think you might be mixing up SU and CNQ. Suncor produces virtually no natural gas. If anything, they are a net consumer for their oil sands ops.
https://www.marketscreener.com/SUNCOR-E ... 0/company/
- Charles
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I never said Suncor was a gas producer. I said they were a "mover"Brewmaster7 wrote: ↑ Sorry, but this is just wrong. I think you might be mixing up SU and CNQ. Suncor produces virtually no natural gas. If anything, they are a net consumer for their oil sands ops.
https://www.investopedia.com/articles/m ... panies.asp
The 7 Biggest Canadian Natural Gas Companies
1. Suncor Energy, Inc.
Suncor Energy, Inc. (NYSE: SU, TSX: SU.TO) is an integrated oil and gas company and a significant producer of bitumen. Natural gas extraction is only one part of the firm's business. However, it had a far higher total market capitalization than any other Canadian natural gas producer. Suncor was worth about 47.65 billion U.S. dollars (63.29 billion Canadian) as of November 2019.
And to back up my point you can look at the TSE action today - SU was up WITH IMO and CNQ. Clearly SU has a common denominator with those nat gas companies, eh.
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- Charles
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excuse me? the only shit here is your post.
The 7 Biggest Canadian Natural Gas Companies in terms of supply....they MOVE gas....
https://www.investopedia.com/articles/m ... panies.asp
Suncor is canada's largest natural gas company.
I guess investopedia just makes up stuff up too?
You should do some of your own research before parroting others mistakes.
https://www.marketscreener.com/SUNCOR-E ... 0/company/
[/quote]
and besides it was up today wit hCNQ and IMO - clearly the mkt sees SU as being in the ngas arena...and significantly.
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- Chance7652
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The government of Alberta is funding Keystone XL construction (1.1B in equity and guaranteeing 4.2B in loans). I think this is a positive for Canadian oil but from what I've read there is going to be excess capacity if tmx, line 3 and Keystone XL get built.
https://business.financialpost.com/comm ... government
https://business.financialpost.com/comm ... government
- jerryhung
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- Sep 19, 2004
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IPL
Several equity analysts on the Street raised their ratings for Inter Pipeline Ltd. (IPL-T) on Tuesday in response to its dividend reduction, exploration of partnership options for its Heartland Petrochemical Complex and the suspension of the sale of its European Bulk Liquids Storage business.
Industrial Alliance Securities analyst Elias Foscolos thinks the “right steps are being taken” by the Calgary-based multinational petroleum transportation and infrastructure limited partnership to adjust to the current market environment.
Accordingly, he raised his rating to “speculative buy” from “hold” on Tuesday based on its return relative to his coverage universe.
On Monday before the bell, Inter announced a cut to its monthly dividend by 72 per cent to 4 cents per share from 14.25 cents and a a suspension to its premium dividend and dividend reinvestment plan (DRIP), a move Mr. Foscolos thinks was not surprising and provides it greater flexibility for its capital program.
"Following [Monday's] announcement of IPL’s dividend cut, the company’s share price slightly fell just marginally more than the sector," said Mr. Foscolos. "Given IPL’s large capital program and previously non-sustainable payout ratio, a dividend reduction and elimination of the DRIP will help. We have maintained our long-term outlook as the actions being taken by the company to preserve its financial flexibility are its best options given the current economic environment. While a JV in the PDH/PP plant is an ideal measure, we do believe that the sale of other core assets, particularly the BLS business, should not be ruled out just yet."
Mr. Foscolos maintained an $11 target price for Inter shares. The average target on the Street is currently $15.22.
Elsewhere, Raymond James analyst Chris Cox called the moves “a painful step, but a step in the right direction.”
“On the whole, we are encouraged that the company is finally taking steps in the right direction toward a manageable and prudent funding outlook, especially given the acute pressures on the sector and the added capital constraints likely to face the industry,” he said. “While the dividend cut may still weigh on the shares over the near-term - especially given the company’s retail-heavy ownership - we believe the move was a necessary step in the right direction, particularly given the significant dilution the company was incurring with the DRIP. Strategically, we agree with the initiative to bring in a partner for Heartland, as we continue to view the decision to go at this project alone as outside of what we would view ‘reasonable’ risk parameters. However, we are skeptical that a potential buyer at this juncture will be willing to pay an attractive enough price to justify the sizable premium we see in IPL shares - trading at 12.0 times 2020 estimated EBITDA vs. peers in the 7.5-10.0-times range. All told, we believe the company has taken enough steps to reduce the risk profile, such that an Underperform rating is no longer warranted, but we see a relative valuation that leaves us on the sidelines at Market Perform.”
Mr. Cox raised his target by a loonie to $10 per share.
CIBC World Markets analyst Robert Catellier raised the stock to “neutral” from “underperformer” and raised his target to $13.50 from $11.
Stifel FirstEnergy analyst Ian Gillies raised the stock to “buy” from “hold” with a $22 target, jumping from $16.
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- jerryhung
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I sold at $25jackrabbit000 wrote: ↑ Sold IPL back when it was @$22. Wont be buying this one again.
mistake - re-bought near $20
Finally some strong pushes today
SU, CNQ, KEY, and more
but it's end of quarter, who knows
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- Jruuu
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More price volatility could be on the way, courtesy of Aramco:
https://www.bloomberg.com/news/articles ... ium-canada
https://www.bloomberg.com/news/articles ... ium-canada
- Chance7652
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I sold most of my IPL at 25 and 26 back in 2017 and 2018 (it was my biggest holding at about 15% of my portfolio at the time). I then bought back in at 21 and got out at 24 last year.jackrabbit000 wrote: ↑ Sold IPL back when it was @$22. Wont be buying this one again.
In the end I'm glad I got out. I never made much money on IPL despite first buying it in 2010. It doesn't help that I was buying shares at 29 in 2014...
- RETD
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Warren is probably buying.ukrainiandude wrote: ↑ Why SU is up if oil is down is a mystery to me.