Suncor Energy Inc T.SU

Rebalancing info

[w8asec]

Below are the stocks that I own or follow in the Oil and Gas sector

I decided to calculate their percentage drop from the year's high of a few weeks ago.

Hopefully this might help those wanting to rebalance for taxation or portfolio strategies... whether you prefer oversold or resilience

I'm hopeful we will experience a hockey stick recovery at some point... most likely around Q2 reports.

 

I'm posting the percentage drop alphabetically by sticker symbol... and wonder why PIPE & BTE has dropped soooo much in comparison to peers... also soon at this rate of drop share prices will be less than EPS, lol... The faster it drops to the bottom the better.

 

ARX - 35.3

ATH - 34.9

BTE - 39.4

CJ   - 29.0

CNQ - 26.7

CPG - 36.4

CVE - 25.9

ERF  30.3

HWX - 31.8

IMO - 20.2

MEG - 32.2

OVV - 29.6

PIPE - 42.7

SU. - 20.3

TOU - 23.9

TVE - 36.0

WCP - 29.0

 

Good luck

[Tommy123]

This post has been removed in accordance with Community Policy

[w8asec]

Management would like that...they could buy back most of the outstanding shares

[firstworld]

Rebalancing LOL. O&G only up for a few months. RU will clean up the Nazis by mid winter with their supporters are shutting down all industry an freezing to death in EU. Oil will be back to $60 by spring. Glad I dumped this at $51

[MigraineCall]

Great info. Thanks. To me, this points out just how much on sale the Canadian oil industry is right now, 30%. Perhaps they will drop more, like in a store closing liquidation sale, each day cheaper, till they are sold out. Nothing has changed in the supply demand picture or corporate profitability. Longer term oil future curves are still holding up high. It WILL turn back up and head higher, we

[w8asec]

Agreed Migrain; Do you think there are some massive M&A advantages at these prices?

[MigraineCall]

There certainly are some tremendous advantages to the right buyer. Some of these companies have huge tax losses still on the books which would be worth significantly more than they are now if there is ever an oil windfall tax.  MEG, ATH, etc.. Instead of paying taxes, they can use the money towards buying it to get the tax loss, and get an oil company with decades of FCF with decades of

[LiLy2021]

  I have always assumed that the tax loss can only be used to offset the profit. The windfall tax is compulsory, and must be paid. And if they can implement this windfall tax once, they'll do it again, until it's accepted as any other tax. Don't underestimate Trudeau. His level of intelligence is evident, but he's also very vindictive and petty.  We're finally

[Clemxb7]

Nice storm in Chang Rai tonight? you lucky dog. I haven't been ther since "86 though it was great fun in those days.