Sangoma Technologies Corp T.STC

Delivery costs

[Captain71]

Crude down below $80 today. I realize it takes time to filter down to fuel prices but this good news for companies like STC.

Might see a turnaround here soon with anticipation of lower delivery costs and maybe I'll get my positive net income earlier than forecasted.
 
GLTA

[masfortuna]

Hey Captain, I am an oil bull.  I wouldn't bet on oil getting much cheaper. Seasonality is here until February wher energy rises.  If $75 is as low as oil goes, then watch out in February-June period... So don't count on it.

[Stonksonlyup90]

How the heck does the price of oil influence this tech stock?

[Torontojay]

  Haha, what a laugh! 

[Torontojay]

   

[Torontojay]

Oil could get cheaper as well as other commodities with an inflated US $ and a global recession. I think a lot depends on China's economy and when they will forego their covid free policy.  The US dollar will only get stronger if we look out until mid 2023 and by that point we may already be faced with some job losses and decreased demand for oil. My thinking is the next bull run for

[CandyC]

I doubt Oil getting much cheaper. Probably over $100 in the upcoming by the summer. Expect OPEC to do a major cut at their meeting in a few weeks. SPR should be ending soon which will help the WCS spread. About the only wish we have is James Telfer is on Market Call next Thursday. Only a wish can help Sangoma 

[masfortuna]

It has gotten cheaper over the lsat 6 months by a significant margin.  We are down about 55% from the oil high in June.  As I said, February-June we will see an increase.

[Captain71]

To be honest I don’t care if oil is $50 or $150. Although $50 is better for most, haha. I am more concerned about fuel prices. Sangoma, like many companies these days, are getting deliveries from many places, mostly China. So whether items are shipped by sea (HFO), air (jet fuel), road (diesel), etc, fuel prices are extremely high at the moment.   Due to the backlog in deliveries, there is a

[Captain71]

Oil down to levels we have not seen since early January.  EXCELLENT!!!  Many are still predicting higher oil prices but even if we are at these levels for a short time it should take a little bite out of the inflation situation.   GLTA

[Torontojay]

Oil/Gold/silver and other commodities are priced in $US and  with a higher $US it is not difficult to see why they are trending down. Don't fight the Fed. The Federal reserve is  trying to combat inflation which tells you they don't want to see oil trending higher which offsets the progress they've made so far.  A recession will lower the demand for oil and I think

[CandyC]

I think OPEC has $80 as a floor regardless of recession. If it drops lower they will adjust with a further but. They stated today that they are starting a cut of 2 million barrels per day through 2023 according to their agreement earlier this month. also if Russia cuts all oil once the price cap starts on December 5 then we could be $140 in a short time and stay above it for a while 

[AlwaysLong683]

Inverted Yield Curve in USA = Recession in 2023? = Reduced demand for gasoline, airline fuel, etc. = Hit to Canadian Oil E&P company shares......? I think the lion's share of Oil and Gas E&P companies' share price increases have already occurred. Those who had the guts to invest in 2020 made a killing. XEG up 84% in 2021 and another 64% to date in 2022. Don't think

[CandyC]

For those that doubt oil stocks have reached their peak have a look at this video. It analyzes each Canadian stock. If you are looking looking for a particular stock then click more and the time stamp for your stock  https://youtu.be/eUo7HoG_V2Q

[Torontojay]

I guess Sangoma is dependent on oil lol. Let me add my 2 cents. Oil could have another rally before the game is over. I have no doubt inflation and risk on asset classes will eventually come to an end in 2023. It's going to take a recession to do it.  Jerome Powell is going to slay the inflation dragon and one of the  Impediments is oil. Simply put, headline inflation is higher

[AlwaysLong683]

I agree that Powell will llikely raise rates until he feels inflation will drop close to if not at his 2% target. What might make the rate hikes stop before inflation hits the 2% range is the lag time between when the interest rates increase is announced and when such rate hikes make their way through the economy. The FED currently has rates at 3.75 - 4.00% after 4 straight 75 bps hikes,The

[CandyC]

My 2 cents on WTI. Exactly 1 year ago WTI was $77 which is the current level and most of my Canadian small cap oil stocks are up more than 100%. I expect these stocks will double again in the next year. These companies are puking cash. WTI should be in the range of $80-120 for many many years with a few temporary dip or spikes beyond 

[AlwaysLong683]

Over the past year WTI was over $100 per barrel from the end of February to mid July (4 1/2 months), and over $90 per barrel over an even longer stretch. Of course the trailing P/Es are low and cash was flowing in. You really think there's going to be an encore in 2023....? It's possible, but I doubt it. Remember: Bulls Make Money, Bears Make Money. Pigs Get Slaughtered.  Not

[CandyC]

Did you hear the analysis from the Fed minutes today? Basically called off a recession. Probable 3 more rate hikes of 50, 50, 25. 

[AlwaysLong683]

If the FED does 50, 50, 25, the Federal Funds Rate will be 5.00 - 5.25%. That has recession written all over it - increased risk of mortgage defaults, unbearable loan / credit card debt, personal bankruptcies, etc. The bond market is already telling us that things are likely going to get bad in 2023. I'd say the odds of a recession sometime in 2023 are quite high. (notice I kept my promise

[Torontojay]

My estimate suggests a recession to start in Q1 2023 or right after the holiday season. There are several reasons for this and they all point to a recession in early 2023.  The conference board leading economic indicators is now down 3.2% from April to October. These indicators lead the economy by about 7 months which suggests a recession to begin by the end of the year or early 2023.