/biz/ - Business & Finance

Post your favourite best value small / mid cap Canadian oil plays. Poilievre is basically a lock for next Canadian PM which means Canadian oil will moon.

I like:
>CPG
>GXE

>>51143080
JOY.TO for the solid assets and fantastic management
BNE.TO for the currently cheap valuation
WCP.TO for the minimal hedges, massive torque at higher prices, and yuge CO2 sequestration program to protect against crazy Canadian environmentalists.

>>51143238
But the federal pension fund dumped WCP. They've fallen out of favour from the powers that be.

>>51143080
I bought CPG, at 6 CAD, and have done really well so far. I am still holding it rn, as I wait for it to go up more.

soo
if there's already a general in here, am i too late?

>>51143524
No because I started it and I'm not a /biz/ retard.
Also this general is extremely recent, this is only the 3rd thread

>>51141926
what's the thread number?

>>51143524
you still have lots of time, I plan on selling CPG at 15 CAD, so you could buy rn and make a decent profit.

>>51143524
Definitely
With such puny cash flow all of these stocks are overvalued and will crash any second now

>>51143717
Wrong

>>51143524
CNQ was $12 in 2020.
Yes.

>>51141926
Junior miners is where it’s at boys

if it goes any higher than like 140/barrel, we all have much larger problems than investments. no amount of personal investing will offset the consequences of literally everything shutting down

>>51143819
I hope you're not talking about GDXJ

How does no one know here Chris Macintosh. he is the king of this shitttttt

>>51143822
>>51143808
you faggots are retarded. Most oil stocks still have insanely low PE ratios, and even with crude oil at 80-90 bucks per barrel, they will have very good profit margins. Even with high debt they can pay it off quickly because at that price point they are raking in Cash.

>>51143833
No I’m talking NFG.V LAB.V and some other monster Newfoundland plays

>>51143852
thank god
I though for a moment that the PMcucks were invading our thread to shill their demonetized JPM's cash cow scam

>>51143819
>miners
Mines are for bumb, gay niggers that think that gold and silver have a real value.

Keep being poor

>>51143841
is that andrew tates dad

>>51143895
sure.

>>51143846
PE ratios don't matter in this helicopter money economy
chasing cash dividends is a dead in the water strategy
just look at royal dutch and BP, their stocks are fucking dead

>>51143908
when CPG goes to 15 CAD, you will have wished you bought. This is free money, even if oil doesn't go back to 100 dollar per barrel.

>>51143908
current cash flows very nice in inflation.

>>51143921
why are you fuckers so sure about this stock going 2x?

>>51143080
>Poilievre is basically a lock for next Canadian PM which means Canadian oil will moon.
When are the next Canadian Presidential elections?

>>51144106
Shamanic instincts

>>51144371
Nice.

I’m in.appreciate the info

>>51143080
PPR.TO as well
Indebted shitco with massive tax pools

You guys only need to buy a super major that only have Upstream, since Downstream is more affected by recession, and then chill.

ConocoPhillips and chill

>Norway refuses to cut gas prices for Europe:

https://www.newsnpr.org/norway-refuses-to-cut-gas-prices-for-europe/

I love the smell of money by Monday morning

>>51145163
Wonder if anyone listened to me and bought OKEA.OL ever since I started shilling it last summer.

>>51145224
>OKEA.OL
It's only traded in Oslo so it's difficult to trade if you aren't a Norgay nigger

>>51143875
>>51143887
In 2020 you were saying oil and gas are finished because of solar and wind. We are always right.

>>51145386
I have always said that solar and wind are for homos, and they can never power a country electric grid.

My only mistake was not buying oil companies way sooner.

>>51145386
why did you quote me? are you an ESL?
also, the guy you quoted thought the other anon was talking about junior gold miners
GDXJ is a dead play by PMtards
nothing to do with gas/oil

is there a shitcoin for this? how do i invest?

>>51145550
Shitcoins are for dumb zoomers, see >>51144951

>>51145587
yeah but it's easy to buy them. how am i gonna move 35k without red flagging some systems?

>>51141926
It's time to do some esg buck breaking oilchads

>>51145587
so do i use robin hood or something?

and I'm legitimately interested. is there a place i can read a bit more? without shilling?

wtf this shit is at ATH. why would i buy this?

insider here, you are unironically too late for TTF

>>51145654
Just use a broker app like Robinhood, I don't know here you live, so inform yourself of which one is the best in your country. I use Degiro but I'm in Europe


>>51145685
Because oil prices are at 92$ now, and during the winter, if Putin cuts the flow to Europe, and it's a cold dry winter, we will have oil and gas price bliss (for investors, not for consumers)

>>51145747
well ill keep an eye on it either way.

>>51145685
it's not even winter yet

>>51145747
TTF has peaked or will peak before November
Russian oil is irrelevant to Europe now, Europe has already secured sources from elsewhere

>>51145825
>Russian oil is irrelevant to Europe now, Europe has already secured sources from elsewhere.
No it has not.
Gas is already at records high and we are still in the summer, lol

See pic

https://www.ft.com/content/ef02dd38-7cc6-4c13-914e-e2b6b2b8ee9d

>>51145825
where, qatar? lol

>>51145913
EU members are forced to buy extra gas at spot price for storage right now to meet quotas, on November 1 they will stop buying spot gas and prices will crash

>>51144356
Will be fall 2025 unless the government falls (no confidence vote) which then it’s immediate.
Current government is propped up by far left party however there are already grumblings of dropping support

>>51145978
>on November 1 they will stop buying spot gas and prices will crash
Not it will not, storage will not be enough for winter, not even close, and after the midterms, the US oil reserves that Biden are flooding the market with, will end

>>51146044
During winter they will no longer have to pay spot prices as they are now dummy, they will pay much lower contracted prices

>>51146062
>contracted prices
Those contract prices they have with Russia?
Europe is so fucked

>>51146091
With Russia, UK, Norway.... Plus US, Qatar and Aus LNG

>>51146111
You mean this Norway?
>https://www.newsnpr.org/norway-refuses-to-cut-gas-prices-for-europe/

"The minister pointed out that the EU abandoned long-term contracts in favor of the spot market 20 years ago and that the Norwegian system still “given the choice to companies entering into such contracts, only based on economic interests”."

>>51146111
Also, OPEC does not give a shit for the West and MBS the prince of Saudi Arabia hates Biden becaus he tries to turn Saudi Arabis into a Pariah for the death of that journalism, MBS is not going to do Biden any favors.

OPEC is more close to cut production than to increase it:

https://www.reuters.com/business/energy/saudi-says-opec-has-options-confront-market-challenges-including-cutting-output-2022-08-22/


Oil and Gas companies will be worth gold this winter, and you should also invest in them

bump

>>51144356
canada doesn't have presidential elections you idiot fucking burger

>>51145978
So you literally think Europe has enough storage to last all winter.... you're a literal retard.

>>51146062
Spot contract is the lowest price the market is offering you dumb nigger.

>>51147902
No retard.
>>51147930
Wow you genuinely fucking retarded

>>51141926
I don't have a single drop of oil in my portfolio, how much upside is left?

>>51147930
t. new to futures

>>51145978
The EU countries don't want to end up using a years worth of reserves in 1 winter. They're probably gonna have to buy more.

>>51148634
Oil is only at 92$ at the moment, we are still in summer. Woke wall street has been underinvesting in oil & gas.

I bought a little bit of one oil stock at the beginning of August, but only last week did I invested heavily in oil stocks

>>51144371
I'm in, I'm taking profits from the product tanker bull run and going back into oil producers.

I've got FANG and PXD from here in the states.

>>51148836
>years worth of reserves
They don't have storage capacity for years worth, every year they build storage to ~80% before winter then use the majority of it before summer

Yes of course they will have to buy more during winter, but as I said they will not have to buy at current spot prices, instead they will buy at far far cheaper contracted prices

I've had stocks in Keyera for awhile. I really like how they pay dividends monthly.

>>51148844
>Woke wall street
just reminded me I do have Lukoil bags before trading halted
time to find some new bags I reckon

>>51149017
Consider ConocoPhillips and chill.

COP is the only supermajor that exclusively have Upstream. That is good, because Downstream are way more impacted by recession and economic downturns

>>51149109
good lookin out fren, even if it's no moonshot a lot of us are gunna get by thanks to majors like these