So who here invests in oil stocks. Under current world conditions it is not trendy or sexy, but there are several Canadian oil companies that are aggressively paying down their debt and increasing those sweet sweet divvvie, divs! Several oil companies are paying in the 8-11% range with potential upside stock appreation of well over 50%. It is suggested the world is going to have an energy crysis, supply is low and demand is steady or slightly increasing. Some are fearing a ressession but charts show oil usage does not dip but rather grows more slowely.
Thoughts, list your oil stocks you have?
Wcp
Once Canada completes the trans mountain pipeline it will help the gap between WCS!
I’m holding Transocean, Petrobras and Ecopetrol
Been holding ATH (athabasca) for over 2 years now. One of Eric Nuttalls top picks. Take a look all, see what you think.
I’ve got bte suncor and a few us ones as well, I’ve held them since 2020 and they are all up a ton.
If oil gets to 100 again I’m out and maybe put options on them going down.
Right now they are rock stars tho
Some of my oil holdings include, MEG, BTE, CPG(I know, ugh), WCP, and BIR. BIR is sporting a nice 9.5% Div. They say that you will make the average of the stock market. The stock market average is about 7-8%. So if I am 9 or higher I am happy with that. Unfortunately inflation is a big whack.
I’m holding lots of BAYTEX, pure play for the oil sector. Free cash flow is insane but risky play due to long term debt from the 2015 oil crash.
Since 2020 I’ve held 5-6 names I’ve been consolidating into my top 2 ATH and BTE ! Hopefully oil stays within 80-90$ so feds don’t try and do anything crazy like last year with the SPR release. But then again Saudis are definitely in-control of the floor price!
I currently have lots into Suncor Energy .
I'm all in on oil. Being in Calgary we know what companies are well run. For instance Peyto is paying an 11% yield. You read that right. 11%. Plus it is extremely well run and nat gas isn't even at $3. The institutions can only stay away from opportunities like this for so long. It's bananas the returns.
My personal opinion is oil is where to be right now. Lots of Canadian companies with little to no debt returning 50-100% of FCF to share holders