In cyclical stocks, the commodity is so important. Saudi Aramco came out with its IPO this week in Riyad, not London or NYSE. In recent OPEC meetings they agreed to cut back output 500,000 more barrels per day. With current oil price tightening CNQ should be OK. Core holding for him.
In cyclical stocks, the commodity is so important. Saudi Aramco came out with its IPO this week in Riyad, not London or NYSE. In recent OPEC meetings they agreed to cut back output 500,000 more barrels per day. With current oil price tightening CNQ should be OK. Core holding for him.
He owns this as well as SU-T. His model price is a 2.5% upside at $38.37 for CNQ-T. The fundamentals and price action are really squeezing it here. $31.50 would make him a buyer. Otherwise it has to show him by breaking through at $38.40.
(A Top Pick Dec 10/18, Up 4%) His second-biggest energy holding after SU-T. Superb managers with great cost control. It's done well in a tough environment, beating the energy group which is down 10% in this period.
(A Top Pick Dec 10/18, Up 4%) His second-biggest energy holding after SU-T. Superb managers with great cost control. It's done well in a tough environment, beating the energy group which is down 10% in this period.
Pays a 4.5% yield at a compelling valuation, yet offers free cash flow. CNQ could raise dividends and buyback shares. Among the better energy stocks. (Analysts’ price target is $44.10)
Pays a 4.5% yield at a compelling valuation, yet offers free cash flow. CNQ could raise dividends and buyback shares. Among the better energy stocks. (Analysts’ price target is $44.10)
Sell or wait before Monday's election? Owning CNQ and SU He owns no oil stocks, but CNQ and SU are good. He sees no relief for oil stocks after the election, which could result in a coalition government. Doesn't see pipeline problems lifting.
