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$22 CNQ doesn’t seem like a bad place if I wanted increased exposure to Canadian oil and gas in my life.
Notably, that’s an ENORMOUS if.
Last edited by killramos; 09-23-2020 at 01:21 PM.
Originally posted by Thales of Miletus
If you think I have been trying to present myself as intellectually superior, then you truly are a dimwit.
Originally posted by Toma
fact.This quote is hidden because you are ignoring this member. Show Quote
CNQ and CVX
Ultracrepidarian
CNQ is the only single company i could possibly recommend if someone insisted on investing in a Canadian oil and gas producer.
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Interesting.
Suncor, CNRL.This quote is hidden because you are ignoring this member. Show Quote
PLBY is going public. Time to do some due diligence.
Well, I was talking up dividend stocks like POW, CNQ, CU, and dabbling in them, but I think it's probably a lot smarter to just have an ETF with that strategy then picking the individuals here and there.
If you have other index ETF's, you may want less overlap with your other holdings, in which case Horizons HAL seems like the one to go with. Pays quarterly and has current yield of 3.3% and has an MER of 0.67.
XEI, ZDV an CDZ will all have a huge overlap with other mutual Canadian funds. they do pay monthly dividends, which is nice.
XEI: 5.76% current yield, MER 0.22
ZDV: 4.98% yield, MER 0.38
CDZ: 4.5% yield, MER 0.66
Now CDZ looks like the worst of the three there, with lower yield and highest fees, but it's could be slightly lower risk, as it's "aristocrats" makeup implies. you'd better decide for yourself.
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also @roopi , how did that Canadian O&G purchase work out for you? SU is down since that day, CNQ is up small. Haven't checked the other suggestions.
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I ended up splitting the investment between SU and RNW (non oil and gas). Down 4% on SU and up on RNW. These are both RSP investments so im not concerned about short term swings. Both pay solid dividends and I have zero concern about the RNW dividend. SU has cut already and i feel like they won't further if oil can stay in this $40 range. I with I would have waited until earnings on SU to buy since they are a couple weeks away. Oversight on my part for not checking when they were coming up.
I'm following my own advice and dropped my POW and CNQ and just bought XEI with that money. Hoping to get myself out of the habit of checking on it. Try to go Ronco Stylez
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like....SPCE?
Not really a fan of Virgin Galactic.This quote is hidden because you are ignoring this member. Show Quote
I have been watching/reading a lot of stuff from Apollo to the current Raptor engines by Space X. The current Nasa programs, contracts awarded to Boeing, new modules being developed and the long term plan to go back to the moon. Indepth anaysis of why the shuttle program being scrapped. It seems like a industry in its infancy that is about to take off (no pun intended).
I was trying to look at relevant industries for the long term buy, I wondered if anyone else had a peek.
Any thoughts on Suncor's earnings today? I read through and felt ok with holding on to this one. Loss didn't seem like much to me. I'm willing to hold this one thinking oil will bounce back at some point.
It scares me when I see/hear so many people talking about stocks and how well they are doing. I think I might start selling some non-energy investments.
Well what's your view on the broader market and potential catalysts for movement up or down? If you think a covid vaccine means the entire economy will expand, or you think that's already priced in.
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Bought a chunk of land in Springbank today just off Springbank road. Leasing the farm and ranch land to a neighbour and sitting on it for 20+ years.
That is a nice purchase. Hard to predict how much it goes up, but it's not likely to go down.
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We shall see. A bit unpredictable with the oil and gas market but I think Calgary will figure it out.
My family has ranched in the area for the last 150 years or so and they’ve done well. If I’m the one that takes a hit, it would only make sense haha!