RE:RE:RE:RE:RE:RE:RE:Shaking the treeOperationally, O&G companies are doing fine in the current commodity price environment.
That being said, they are definitely struggling when it comes to share price performance.
Fact of the matter is, energy sector investing has obviously become much more of niche thing, than it use to be, compared to 10 years ago, when there was plenty of generalist money flowing into the sector. Obviously, there has been a long and painful decline in the sector since peaking in 2014....add to that, the much greater emphasis on ESG investing in recent years.
Most Canadian energy companies that have survived for this long are much better operationally (leaner and more efficient), than they were back in 2014. However, share prices across the board are basically a fraction of what they were pre-2014 oil crash.
On the one hand, its obvious that Canadian energy stocks are trading incredibly cheap...on the other hand, its probably best to temper your expectations regarding share price performance, since there is no guarantee or even the vaguest indication that things will return to the good old days of pre-2014 energy investing.
In short, my portfolio remains heavily weighted in Canadian energy, and its done relatively well, but far short of expectations, based on fundamentals.
Tommy123 wrote: It's not just SU. All oil companies are struggling now with the move to the green economy.
Obscure1 wrote: A $5 drop in two weeks is a bit of a falling knife as it is getting close to 20% which is the definition of a bear.
The market cap has dropped more than $7 billion in the last two weeks which is overkill imo.
Its healthy to disagree, but I think your use of lmao is a bit derisive and I won't be responding to your posts that way.