Chad123 wrote: Wynjoe wrote: And you still want to stay invested in Canadian oil and gas, please let me know what your buying. I dont see any better company in this space that appears more undervalued .2022 will see the s/p double.Omicron will be the instrument that enables herd immunity against this covid pandemic and green energy has zero chance to stop oils growth for decades and politicians worldwide stance against fossil fuels will drive oil prices beyond anybodys expectations. SUNCOR IS AN EXTREMELY STRONG BUY AND HOLD.
I own SU, CVE & MEG for different reasons.
Had previously also had CPG, CNQ & TOG....wish I would of held onto those, but made some really good coin and continue to look for re-entry on either CNQ or TOG
MEG has no dividend, no hedges and has really focused on paying down debt and now is even more focused on NCIB. A wonderful little GEM of a company that will more than likely get taken out. This beauty is very volitile but it rocks...and a new 52 week high today and over 8%.
Looking for a $16 handle on this puppy this year CVE don't have much of a dividend, however they are now #2 in BOP a little ahead of Suncor now. Another company that has really focused on the balance sheet, has the best CEO (Alex Pourbaix) and along with MEG are leaders in CCUS. Lot of history here as this was the split of oil side from Encana. CVE is very cheap but still has a lot of debt making it almost as volitile a MEG but....I expect a lot of good things to come.
Hoping this one gets to a $20 handle this year.
SU will likely increase it's dividend again this year along with NCIB and lokking for a $40 handle this year. I have traded in and out of these three stocks multiple times during the long raise from the big drop, only to buy them back sometimes even a little higher than the previous sell, but have chosen to ride out with these 3 since last fall. So far so good as long as nothing terrible happens, black swan, market correction, etc.
All that to say there are other reasons why I like these 3 but I am not one to give investment advice. I don't mind sharing what companies I invest in but dont take it as advice and do you own DD.
Cheers and GLTA