ARC Resources Ltd T.ARX

I really don't understand the oils these days

[rusty777]

I continue to be dumbfounded by the performance of many of the Canadian oil stocks (not just ARX - look at CPG and CNQ) oil is now over $69.00 and flirting with $70.00, WCS is also up and yet our oil companies are either flat or down.......all the pundits say buy but we are not seeing any of this reflected in the price of these companies over the past couple of weeks - would be interesting to know who is selling into this market...that may be a good indicator of which way this is all going to go in the near term

Sigh...in the meantime I guess I just hold unless I want to play for a few cents on the swings.

GLTA

Rusty

[Westcoastenergy]

CNQ is at $45.44 just now, nearly its all time high.  True, it should be at $100 and likely would be if it were an American energy giant.  Still, a very, very good hold with an amazing dividend.

[highalpha1]

While the oil and gas companies are still undervalued, it is promising to see some of them showing signs of life. I own a truckload of CPG. It has gone up 8 days in a row for the first time in a long time, and today it closed at the highest closing price in the last 52 weeks. Its still undervalued (as is ARX), but going up more than 25% in the last 8 sessions isn't too bad.  ARX is a