Investing

is now the time to invest in oil stocks?

  • Last Updated:
  • Jan 20th, 2019 12:27 am
Tags:
Sr. Member
User avatar
Oct 14, 2015
523 posts
179 upvotes
Some interesting stuff in the Bank of Canada’s Monetary Policy Report this morning on the oil price shock. Only having a quarter of the impact of the 2014-16 shock, in part because oil has half the impact on GDP it did at that point.


https://twitter.com/journo_dale
Sr. Member
Feb 26, 2017
851 posts
437 upvotes
Anyone looking at Kinder Morgan Canada (KML)? With KML no longer owing the Trans Mountain Pipleine there is not much reason for them to exist. I'm thinking it could be an interesting if you think their parent will buy them out or sell them (there likely would be a bit of a premium).

This is from a TD Analyst Report.
KML, IPO'd to finance the Trans Mountain expansion, is at a strategic crossroads, in
our view. We believe that there are three possible options going forward: 1) remaining
a standalone publicly traded company with the remaining assets; 2) KMI buying
back the public float of KML; or 3) the sale of the rest of the business, with KMI
exiting Canada. We believe that the likelihood of KML remaining a standalone public
company long-term is low.
Deal Expert
User avatar
Sep 19, 2004
21983 posts
4036 upvotes
Waterloo
MrMom wrote:
Jan 10th, 2019 8:07 am
TransCanada to become TC Energy subject to shareholder approval. Since there's no future "Trans" in Canada and no future for pipelines in "Canada."
very true LOL
Even ENB is doing better, $40 to $45 now

Nowadays, anything Canada is a no-no for investor, so it's better to remove it
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
Jr. Member
Nov 21, 2015
114 posts
24 upvotes
Vancouver
Great time to invest and that’s where the smart money is flowing into the last month or so
Deal Expert
User avatar
Sep 19, 2004
21983 posts
4036 upvotes
Waterloo
Jackson75 wrote:
Jan 10th, 2019 9:40 am
Great time to invest and that’s where the smart money is flowing into the last month or so
Ha, smart money are going to weed stocks

Oil names never pop +10% on nothing
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
Jr. Member
Nov 21, 2015
114 posts
24 upvotes
Vancouver
jerryhung wrote:
Jan 10th, 2019 10:47 am


Ha, smart money are going to weed stocks

Oil names never pop +10% on nothing
My oil etf went up 46.5% in like a month.
Deal Expert
User avatar
Sep 19, 2004
21983 posts
4036 upvotes
Waterloo
Jackson75 wrote:
Jan 10th, 2019 9:55 pm
My oil etf went up 46.5% in like a month.
eh, which one? 2X or 3X? :P

USO certainly didn't
https://ca.investing.com/etfs/united-states-oil-fund
If you timed the bottom (sure), $9.29 USD to now $11 is "only" +18%


Anyway, that's not my point anyway, congrats on your wins
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
Jr. Member
Nov 21, 2015
114 posts
24 upvotes
Vancouver
jerryhung wrote:
Jan 10th, 2019 10:56 pm
eh, which one? 2X or 3X? :P

USO certainly didn't
https://ca.investing.com/etfs/united-states-oil-fund
If you timed the bottom (sure), $9.29 USD to now $11 is "only" +18%


Anyway, that's not my point anyway, congrats on your wins
Canadian crude oil was all time low. Bought their etf before Alberta cut the oil production last month.

Top