Post by
DukesMtl on Mar 07, 2022 4:46pm
I just doubled my position in BTE at 6.12 Thanks a bunch!
All of these energy Canadian based energy companies are in for a bull run like they have never seen before and a massive Oil Price Spike like never seen before is around the corner. We are in a new reality and I don't think that the street has really caught on to that fact yet as investors are confused after Covid and now Ukraine. All factors point to a multy year bull market and as the old saying goes "The cure for low oil prices is low oil prices" plus this war and the entire world curtailing their imports of Russian Oil & Gas????
This is crazy bullish for oil and Canadian Oil Producers are going to only continue to profit. All of these companies could be debt free in 12 months...
My top holdings are VET, ATH, BTE, SGY, MEG, WTC, EXXON, ENB,
Also, Biden & Harris with their Build Back Better and Justin Trudeau with his Climate Change policies will only drive the prices of Oil Higher until they are removed. This will get these Flakes removed as people see $3.00 gas prices in Canada and $8.00 Gallon prices in the U.S.
Even were Keystone to be given the Green Light which probably won't happen, it would take 5 years to build since the Environmental and Native Groups would be challenging it in court so Keystone is not a solution anything now.
The reality is that their is no solution and a massive economic collapse is around the corner but my stock picks will be printing money when this happens as big money is moved to energy as the new gold!
Comment by
Dragon1 on Mar 07, 2022 6:18pm
Pretty good collection of winners,I would add TOU and BIR since ng is going to outperform oil in the mid term.
Comment by
DukesMtl on Mar 07, 2022 7:58pm
Vermilion is getting Brent, WCS in Canada and European NAT Gas pricing for their oil & gas production. Watch VET cause it will be back in the 80's soon. BTE will soon POP and re-rate towards 20´s and beyond. None of these bullish tailwinds are going away anytime soon.