RE:RE:RE:RE:Time to go long COSXLE represents U.S. stocks. Exxon, Chevron, etc. Need to look at XEG, which represents Cdn oil stocks, SU, CNQ, IMO, etc. It was 14.89 on May 5. Today it is around 13.85 with oil at $61.30.
Considering the move in oil in the last couple of days, the response in the stocks has been feeble. Both US and Cdn investors continue to sit on the sidelines. Six months from now, when they wake up, and provided the NDP does do something stupid, they will be looking at all of the good buys in oil there was six months ago.
Namsoc