Ruus's CommentsAs can be seen, he thinks that 95% of the companies in the energy sector are undervalued. GLTA
COMMENT
Energy.(A Commentary)
31/08/2023
Energy.
Coming into 2020, it was the worst performing sector on the market. The scaremongering narrative of oil/gas coming to an end has been bought by a lot of uneducated investors.
Money's gone away from the sector and a lot of people refuse to go back. This has provided an opportunity for the rest of the investing community that looks at stocks in a pragmatic way. You can pick up cheap assets with a good business that will make a lot of money over time.
Oil's hitting 6-month highs. There's a reason for that: a supply/demand imbalance. Oil will probably stay here or go higher over the coming year. This will probably encourage more activity.
Most of the stocks in the sector are undervalued and a buy. If you buy now and just sit and hold, you'll be rewarded from here.
Alex Ruus
BUY
Baytex Energy Corp(BTE-T)
31/08/2023
The caller indicated that his average share cost was $7.60 and should he hold or sell?
Another cheap stock of 3-4x cashflow, he'd be a buyer. Concerns about debt going into 2020, but it's been largely repaired to reach "investment grade". Great assets. Initiated a small dividend of 1%, starting to buy back stock.
Oil / Gas
Alex Ruus
$5.49
Unknown