CNQ
Canadian Natural Resources Ltd
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Forward P/E of S&P, IWM, MDY, and some stocks that look good.
Are investors on this thread more interested in Renewables or oil and gas and give your time horizon.
Oil is in a structural bull market. It's shrugging off recession concerns. Canadian E&P's are best way to play it. CNQ, CVE, IMO
Canadian Natural Resources (CNQ) is a sure buy with the fact that they're rated highly among analysts in the energy sector and they earned $3.92 per share last earnings which is big brain money and they're going parabolic 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Dividend Effect Capitalization (Yes, with short term options)
Dispersion Trade: Buy Canadian Energy Index Options Net Long, Sell Options for the Components (Mostly Puts).
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Disappointed about the DHI earnings reaction. It's usually bad sign when the stock fades all day. I was happy with he actual report though. Still growing with higher rates. I'll happily buy more if it drops as I only took a small position. I mentioned Hammond power earlier.....rough few days, but it was probably warranted. The stock was getting kinda pricy. Still watch CNQ and JOE for further pullbacks, and I've become really into MLR. Trading at 9x earnings, which is well blow their averages. They recently announced a sizeable buyback, about 4-5% of their market cap. This is one of those stealthy beast stocks. It doesn't screen great, but consistently grows sales and reinvests in the business. Prepare for more MLR facts in the future.
Agree. -Looking to add CNQ at around $70
While I think this current energy rally got a bit ahead of itself.....I still think energy, specifically oil, will be great going forward. 1) I think inflation will be higher than we want for some time. Also, US government deficits will be with us for some time. 2) At some point, the FED will have to cut, which in turn will weaken the dollar. 3) oil is priced in dollars, so if the dollar falls, oil goes up, all things being equal. I still think the best plays are names with long duration assets that don't need lots of capex. CNQ and TPL are my two favorites that meet these requirements, with TPL being essentially a royalty company. I still hope to score either on the next pullback
Short term prediction time! S&P corrects to about 4800, so 3-4% to go. Some individual names go a bit further. Honestly, I think it's good. There's a few names getting close to good values, imo. I still like homebuilders, DHI and DFH are my favorites, more posts coming soon. Energy was in dire need of a pullback, but CNQ is getting real close to $70 where I'd be happy to buy. KNSL has been holding up well so far, but I'd love $400 there to add. MEDP also holding up well, but earnings next week could present an opportunity as it tends to get wonky after earnings. One I've mentioned before, but BRO is about 5% from where I become interested, around $75. I think that one would be a sterling pickup.
[Market mosaic](https://open.substack.com/pub/mosaicassetco/p/the-market-mosaic-41424?utm_source=share&utm_medium=android&r=23ti9i) has a nice weekly rundown of technical indicators in the market, with lots of charts! It'll be interesting to see earnings come in this week. I think the tepid guidance from JPM was part of the reason for Friday's selloff. Personally, I feel like we're still generally expensive in the market, but I'm starting to find a few more names getting close to interesting. MELI is actually getting closer to my $1400 point of interest. CNQ needs about 10% before I get interested. DHI about the same, around $130-135. KNSL is the one I'm most interested in adding. A 10% drop puts it around $400, which I think is not a bad place to add.
Oddly, a lot of oil names are down today. I think it goes back to what we were talking about overbought. This weekend will be interesting, but I might make trying to score some CNQ a priority.
A little morning [read](https://open.substack.com/pub/mosaicassetco/p/the-market-mosaic-4724?utm_source=share&utm_medium=android&r=23ti9i) on commodities in the market. For the record, this author is pretty bullish on commodities. However, the thesis is one that I've heard others espousing. One theme I've heard from a lot of commodity bulls is that are current market setup mimicks the early 2000s. Tech is very expensive, commodities are relatively cheap. There's also setting up to be huge demand from developing economies (China in the early 2000s, India/Indonesia today). Personally I have exposure to copper, met coal, oil, and natural gas. I'm actually in the process of swapping out oil names, so I sold FANG this rally and plan to buy TPL or CNQ on a pullback just because I like their longer term low/no capex. Also been adding to CNX/HCC given the chance.
CNQ and SU. Suncor is cheap and starting to crush profits.
CNQ, nothing more stable than this Canadian oil company
CNQ in Canada has made many people happy.
I got a hard on for CNQ
If it helps, I have two picks. CNQ and TPL. CNQ is a Canadian producer with such low costs that they were even profitable in 2020. They also have incredibly long lived wells, sometimes 20+ years, so their capex is very low. Also, there's a new pipeline opening up so they're going to start getting a higher price for their oil. [Here's](https://podcastaddict.com/long-term-investing-with-baskin-wealth-management/episode/172780613) a nice breakdown. TPL is basically a royalty company. They own a ton of land in the Permian Basin with no debt. They just lease out their land to oil companies and collect royalties. There's been some shareholder drama, but it's just an absolutely gaudy business. [Here's](https://open.substack.com/pub/specialsituationinvesting/p/texas-pacific-land-847?utm_source=share&utm_medium=android&r=23ti9i) a nice summary. I've been hoping to buy either, but oil has run so hard lately I haven't had a chance. I'd probably go CNQ first. Next pullback.... I also own MPC, which is an amazing performer, but it's a refiner so not as directly influenced by oil prices.
I bought shares of CNQ @ 9 dollars at the beginning of the pandemic. I've sold some in the process but still have a good amount.
if you are reading this, ticker CNQ and you are welcome for a free hot fudge sundae.
CNQ been quietly pumping for a month now
There are 5-10 absolutely amazing Canadian names. Everything else ...eh. CSU, Dollarama, Hammond power, CNQ, tourmaline, SHOP....the great ones are great.
Boring is beautiful. Lots of money to be made in all sorts of businesses outside the world of tech. A Canadian convenience store company called Alimentation Couche-Tard (ATD) has been one of my best stocks. Canadian Natural Resources (CNQ) has been another very solid performer.
5 year returns on various names.... ARKK- 7.06% DIS- 8.023% ARKW- 61.05% VOO- 83.6% (plus dividends) CEIX- 135% QQQ- 146% CNQ-173% (plus dividends) AMR- 443% I'm starting to think there's more to good business and stock picking than 'innovation'. Also an interesting note for the day, the S&P500 currently has an earnings yield of 4.295%. The 10 year treasury is sitting at 4.22%. There is essentially a 0% risk premium in the S&P500 right now. I'm not predicting anything from that, and I know the arguments about why P/E is a poor metric for that index. For reference the earnings yield of RSP (equal weight index) is about 4.72%, so there is a bit of a risk premium there.
I agree. I have been diving back into energy and commodities too. Still very cheap, and much more resilient companies than 10 years ago. CNX, CNQ.....oil and gas are minting money right now. I also think some financials are cheap, but I just can't figure them out. Even my favorite, HWKN isn't really that expensive right now. 21x earnings for a company with mid teens growth....
I've been reading up on CNX, a natural gas producer based in the US (not CNQ, which I also like but different company). CNX announced this: "CNX Resources now expects its 2024 annual production volumes in the range of 540-560 billion cubic feet equivalent (Bcfe), down from the previous expectation of 570-590 Bcfe. The company has decided to delay completion activities on three upcoming Marcellus Shale pads consisting of 11 wells, which will account from the drop in production volumes." So there's starting to be a supply reaction to low gas prices. CNX is also impressive because their break even cost is around $1.10/BTU, so even at today's record low prices, the company is profitable. They've used those profits largely to buyback stock, decreasing the share count around 10% just this year. [Here's](https://www.joincolossus.com/episodes/2539090/wilson-cnx-resources-lighting-up-its-industry) a great rundown on the business. If you think natural gas demand will be high (which is the consensus) and prices are too low, this one is interesting.
I had a wonderful "debate" last summer with a TSLA bear regarding Toyota. They were convinced Tesla was the future and Toyota was going to be destroyed by neglecting EVs.....I thought the opposite. I've been much less bullish on the green revolution, or at least the speed of it, than a lot of people I guess. A lot of that comes from actually trying to participate in it. I priced solar for my house in 2021 and it was about 7-8 years to break even. Now that rates are higher it's probably more like 10-12. That's a long time to recoup an investment. Especially when the life of panels is 20 years. Ditto for EVs. I really wanted to get one, but there's just enough cases in my life for it not to be practical. So I've been waiting. I feel like I can't be the only one. I honestly didn't realize Toyota still had such great margins though. That is one of those sleeper companies that has just been dominant for decades now. I don't really want to own a car maker, but Toyota is probably the one I'd take if I was forced to. I'm with you, firmly in the non-bubble camp. There's a few names I think might be stretched, but that's more my opinion. I've pointed out several times that morningstar has the market at 2% above fair value last I checked. In late 2021 it was 20% above fair value, for reference. TSLA correcting was a matter of time. I do think there is a price it becomes attractive, but it's sort of a name I just don't want to own. I have been keeping with commodities. I just sold out of FANG on this surge, but I still own MPC, SCCO, and MUSA is a tangent play on gas. I'm still very bullish on copper despite China slowing. Electrification of the developed world combined with the rising of India, Indonesia, and Brazil will be a big bokn to commodities. It's more people joining the middle class than China had doing so that caused the last commodity boom in the early 2000s. I'm sort of selective though. Copper is my big play as I think there's major supply problems. Really, supply is the thing I watch most. Copper had a very inelastic supply so if there is any surge in demand it will demand high prices for a long time since no supply can be brought online quickly. Oil is my other. I've been writing more on CNQ and I'd love to buy next time energy pulls back. Long duration oil wells will prove valuable in the future. I also have my cement play, EXP. That's not specifically commodity related, but tangential.
Started doing a rough comparison between some surface numbers for CNQ compared to OXY, then threw in FANG since I recently closed out my position in that company. ROE: CNQ-20.8% OXY-15.4% FANG- 19.7% Profit margin: CNQ-22.8% OXY-13.2% FANG-37% Debt/equity: CNQ-0.28 OXY-.64% FANG-0.4 However, here's the interesting thing: Years of proven reserves: CNQ-32 years OXY- 10 years FANG-11 years. Your figures may vary on these last numbers. CNQ actually releases this number. For OXY I found their total proven reserves (3.8 billion barrrels) and their daily production (1.2 million barrels) to figure out how long those reserves should last. FANG I took information from their recent acquisition of Endeavor. The long term nature of CNQ's assets are astounding compared to their US counterparts which should result in lower CAPEX spending to find and drill new wells. The nature of oil sands production makes it relatively easy to expand and contract production, which is one reason CNQ was even profitable in 2020, which was basically the worst environment possible for oil companies.
SCCO having an absolute beast of a day. That and MPC turning this into a solid day for me. I mention it occasionally but MPC has turned I to a really solid performer. Trades super cheap, throws off tons of cash, and keeps lowering the share count through buybacks. This thing still shrinks the share count more than 10% annually. Over the weekend I mentioned a few stocks in my radar. I've kinda turned off on LNG. The business seems really good, but the company has weird ownership structure, uses a lot of "adjusted" metrics, and I'm just not that into it. I still think JOE and to a lesser extent TPL are interesting long term land development plays. JOE really has me interested and I'll keep reading about it. CNQ is the other name I've been learning about recently. They're a Canadian oil company with a few interesting features. First, they recently completed paying down debt to an acceptable level and have pleaded huge increases in dividends and buybacks. Second, Canadian oil has traded at a discount to WTI because all the pipelines out of Canada go to the US Gulf coast. There a new pipeline opening in the next few months that goes from Alberta, where CNQ has their oil fields, to Vancouver. This will make it easier for Canadian producers to sell their oil on the open market and hopefully fetch higher prices. Third, CNQ has incredibly long duration wells. Their wells are forecast for 30-40 years as opposed to wells in the Permian Basin that last a few years with constantly diminishing returns. For comparison, FANG has about 10 years of reserves in the Permian and just made a huge acquisition to push that to 11 years, and that still requires lots.of new drilling. So CNQ has a very low cost structure and the ability to pump out oil for decades with minimal reinvestment. It's expensive for an oil name at 13x earnings (it's run a bit lately too) but figuring an ownership period of 20+ years with constantly shrinking share count and dividend reinvestment leads to some potentially large returns. Last, CNQ even made money during the covid crash. So for an oil name, it's pretty durable.
Care to say any names? Already in on Suncor, peyota exploration, CNQ and Pembina
I also have about 100. I’m gonna risk it all this week. Gonna try a play each day and roll over my wins U Puts, eBay Puts, Mara calls, Dell or CNQ calls, FUBO puts
Mainly the oil stocks - CNQ, Suncor etc. If you like the value stocks - hate to suggest but the financial stocks like TD looks promising. 3M stocks getting decimated today might be a good value play for long term capital gain. If you are true regard, DWAC baby!
Coming one day. CNQ best
I just want CNQ to break 100
Watching AYR rip while CBST limps along feels eerily similar to during Covid when I was buying oil stocks and placed my chips on SU rather than CNQ. Choosing the right sector at the right time will make you money, but the biggest profit goes to those who choose the right horse to ride. Disclosure - hold a lot of SU and CBST, no AYR nor CNQ
$CNQ and, dare I admit... $PBR
I would choose CNQ: NYSE over Suncor everyday.
$CNQ would have been a much better buy. Suncor is notorious in the Canadian energy scene for dramatically underperforming its peers.
Not directly. My energy exposures are: - BTU (thermal coal, which mainly targets US/Asian coal demand) - XOM (which I suppose is international enough) - PSCE (a small cap energy ETF, but US names only) I know L. American companies like PBR/EC did amazing. The Europe rally was pretty good, I was DCAing heavily into international leading up to October 2022. I don't really trust myself to pick Canadian oil and gas companies to be honest, since I don't know how to assess the quality of different operators. Seems like many of the companies have been a minefield, with sudden share dilutions, capex, M&A, etc. which is not what I'm looking for. My takeaway has been just do CNQ if at all.
Thanks! I love the specifics you have given. I like CNQ and how it looks. Is this stock one of many options or the 'go to' for Canadian energy?
Not in bundle. I use them to hedge US stocks volatilities over the years. These I still own: CNQ, CP, Gold, AEM etc. Also some Lithium mining.... Unsure of correct timing. On DVSPF there are two flavors I was able to get \~15% annual; return from essentially an uninsured CD selling from Royal, Old Dominion, TD big banks from interest and gain since it is traded as etf. This one is banned by Biden for Americans for political reason. There are some drug stores from UK that is popular in Canada also. Check r/Stocks_investments see if I have posted there over the years.
If when it dips, XOM, CVX and CNQ are on my list of purchases. All well run companies with limited debt. And oil isn’t going anywhere for the foreseeable future.
MPC is up huge for me in the last 2 years. I'm not a huge fan of refiners, but the company is absolutely minting cash. The company has $10 billion in cash on the books right now on a $57 billion market cap. They just bumped up the buyback authorization to $10 billion, or nearly 20% of the company. Otherwise, I don't own it, but I like CNQ as an E&P play. Probably one of the best, most stable, E&P names.
I think the E&P names probably offer more upside leverage than the majors. Something like FANG or CNQ mints money with crude in the $80-90 range. Plus you don't get bogged down with all the other stuff the majors do. Just pure returns as the price goes higher.
Hello everyone, I'm pretty new to investing in general but I would like some advice on my current situation. This might be a bit of a read but I really am looking for honest opinions please. Basically I'm 29, living in Ontario, Canada, and just began getting my finances together last year finally. I managed to save about 4k in 2022 (I work low paying jobs) and another 7k this year. So 7.5k of my money is sitting in a TFSA mutual fund through Scotiabank (I've made about $100 profit since May), and the other 3.5k I have in my Wealth Simple TFSA and manage my portfolio there. I have been thoroughly enjoying managing my portfolio, and lately have been thinking that I am missing out on a ton of potential dividend growth by having my other 7.5k elsewhere. Do you think I should just move everything over into my Wealth Simple in order to really kickstart my dividend growth? Or keep that money aside in a "safer" mutual fund through Scotia? Now for the next piece of my puzzle. Next year I will be coming into some inheritance money. I do not know the amount, but based on what I do know, it will be somewhere up to 150k. I plan on putting a large chunk of whatever I get into dividend stocks within my TFSA and taking the spring/summer off work to bike across Ontario - something I've always wanted to do but could not afford to take time off for. The plan would be to use my dividends to fuel my very few, cheap needs each month (basically phone bill and food). I have to live a pretty frugal lifestyle in order to put any money away as it is. I am not a material person, and don't want to live in the city. My plan is to buy very cheap land in North Ontario and build my own infrastructure from the ground up - so I don't need a million dollars to live my life. I would like to have this money grow via drip for the next couple of years while I prepare the things I need to live the lifestyle that I want to live. Now I am just kind of looking for opinions in general here, but here are some of the stocks that I have really come to like since beginning investing and would probably put most of the money into. I am less focused on massive growth, more on good yield with "safe" companies. ENB, AQN, BNS, CNQ, T, SRU, FTS, BMO, TOU, CU are some of my favourites. Generally they are dividend aristocrats/kings and offer from about 4-7% yield, with some REITS thrown in for good measure. I am trying to make sure I invest this money properly so that I can have an income stream that will be able to pay for the things I need while also reinvesting dividends to continue growth, and to have something to leave for my younger sisters when I am gone. So, what are your thoughts? Should I consolidate everything into my portfolio? Do you think the plan with my inheritance is fine? I considered putting some into GIC's since rates are good but I just feel like it will do more for me in dividends... Again I am new! Any and all help is appreciated thank you for reading!
A lot of my Canadian stocks I do little research on. Constellation, TD, telus, CNQ, CP rail - I dunno why. There is a lot of grift in the Canadian stock market but I guess it feels like these are staples and I'm buying the equivalent of jnj or ko. Meanwhile US SAAS I'm on software dev forums trying to parse info and fearful of earnings.
Ahh the age old question. Guaranteed money is mutual fund. Stocks that go down anything the ipo'd in 2021. IMO for stocks that goes up look at oil companies and Maginficent 7 as they're called. At this point in the market it's probably safer to pick at the bottom of some beaten down value stocks than it is to pick at the top of the sectors and stocks that have been trending higher if you're looking for overall better medium term gains. If you want just short term trades then just keep riding the trending areas with the awareness they could be topping and you could get trapped. CELH, BTC, CNQ, META, CROX, AMZN, SHOP, PLTR, NVDA, OXY
Well it will be interesting to see what happens once the new Canada pipeline is running. Asia will now be competing with the U.S. for Canadian product. On an individual basis the Canadian mid/large caps are some of the best operators in the game. Thinking TOU, ARX and obviously CNQ
i had bought CNQ for around $7-$8. had over a thousand shares. sold them around $30. should have held.
Here's a few non-tech companies doing well: - discount retail like TJX and ROST - convenience stores like CASY and ATD.TO - Canadian oil like CNQ.TO and SU.TO You don't need to own REITs or banks to diversify beyond tech.
1000 stocks of CNQ at 16 in 2021 and now it is 91 and has been selling in high 80s. Down to last hundred Also bought visa at 16 at ipo around 2009 and sold in 2020 for 210
Smaller canadian oil companies during covid. CJ, SCL (shawcor not stephan co), ATH, SU, CNQ.
Hi , I’m (22M ) living in Canada Toronto. I make around 3k a month after taxes . I want to invest to possibly put a down payment for house in next 5 - 10 years . My friend got around 60k in savings, and he brought up the idea of buying a house together, So even if I can reach 50k in next 5 years , I hop that we can put down enough to get a mortgage, as his savings is still growing. He works in construction, I used to work also with him , so we could get around fixing a lot of things around a new house for basically free . I have extra income , because I live with parent and don’t pay rent, and cook from time to time. I would prefer investing in a safe asset. I currently have 2k invested, it’s spread out around multiple dividends stocks and saving accounts . But I’d like to invest my future earnings in something more simple, or in one place instead of multiple so I bought a full VOO stock last month to test it out. I have 1130$ in TFSA / 107.07 $cash / CNQ 1.06 shares/ ENB 1.01 / ORCL 1 / RBNK 3 / RCI.B 2.02/ SU 1.04 / VOO 1.01 . 101$ in TFSA Robo managed . Then 430$ in Robo managed RRSP .270$ in wealth simple Save which gives interest rate . Lastly 35$ on SOL (crypto) , which is stacked, even tho is almost nothing, but it’s returning capital. I’ve been experimenting to see which is the best strategy and stock to buy . All dividends are reinvested. Although, I’ve noticed a non us resident tax fee, that I don’t even know where it’s from . I started investing mostly in crypto during 2020 era, made enough money (from crypto and some stocks) had over 1k in AAPL , and took everything out to buy a car , which I’ve considered as a better investment at the time . I’ve started trading stocks seriously about a year ago . But before I was following the Wallstreetbet era and Strats. No actual debts, i just have my credit card with 500$ limit that I pay around twice month. I Do uber sometimes when no extra shift at work. About 50-100$ , once a month . They don’t pay much and I guess 1/4 of that goes to gas . I get from 300 to 500$ bonus at the end of each month due to performance review. That can also go to stocks . Expenses include, 288$ on car insurance with clean record, around 300 -400$ gas per month from 80% work commute, that’s 100$ full tank (400-550kms) depending if I drive on hwy or not . 104$ for phone and phone plan, that will go at 70$+ tax after phone is paid off next march . 63$ per month for gymn (started after paying debts 11$ per months netflix (started after paying debts Spend an average of 300- 500$ on food or groceries per month I also buy some stuff for the household with that amount . Mostly eat home cooked. So I’m looking at around 800$ - 1000$ per months available from paycheck, plus potential bonus 300-500$ amount.that I currently can put aside to invest. I do also have a choice to go back to construction, and another side job If anything goes wrong , they both pay about the same as my job . Or I could also do them in between , if there’s no extra shifts at my main job. I prefer doing those than Uber , as it’s way more money . So that way I try to keep my income consistent 3k per month. I’ve been learning about stocks , charts and etfs etc , but I still have a long way to go , and the money is coming in now ! I need to put it somewhere. I just allocate 400-600$ per paycheck immediately into my investment account (wealth simple) I grew to 2k invested in 2 months, which I believe i can keep doing for at least the next coming 6-8 months. So my question is , where should I put my extra income (which stock with best returns) ? I don’t plan on touching for next 5-10 years . Also I don’t really know much about the type of accounts, RRSP and TFSA , FHSA etc… which account should I purchase the stocks into ? Should I try to invest more money while I’m young , and get help from parent to reach my goal ? Looking at around 50k to 100k for next 5 -10 years. Is my goal realistic? Considering that I might not live with parent forever and spending budget might change.
Hi , I’m (22M ) living in Canada Toronto. I make around 3k a month after taxes . I want to invest to possibly put a down payment for house in next 5 - 10 years . My friend got around 60k in savings, and he brought up the idea of buying a house together, So even if I can reach 50k in next 5 years , we could put down enough to get a mortgage as his savings is still growing. He works in construction, I used to work also with him , so we could get around fixing a lot of things around a new house for basically free . I have extra income , because I live with parent and don’t pay rent, and cook from time to time. I need to know that the money is mostly safe . I currently have 2k invested, it’s spread out around multiple dividends stocks and saving accounts . But I’d like to invest my future earnings in something more simple, or one place instead of multiple so I bought a full VOO stock last month to test it out. I have 1130$ in TFSA / 107.07 $cash / CNQ 1.06 shares/ ENB 1.01 / ORCL 1 / RBNK 3 / RCI.B 2.02/ SU 1.04 / VOO 1.01 . 101$ in TFSA Robo managed . Then 430$ in Robo managed RRSP .270$ in wealth simple Save which gives interest rate . Lastly 35$ on SOL (crypto) , which is stacked I’ve been experimenting to see which is the best strategy and stock to buy . I started investing in crypto during 2020 era, made enough money that helped me buy a car , which I’ve considered as an investment at the time . I’ve started trading actual stocks about a year ago . No actual debts, i just have my credit card with 500$ limit that I pay around twice month, recently paid off 7k$ debts from it by having an extremely tight budget. So I just brought the limit as low as possible to spend less . Do uber sometimes when no extra shift at work. About 50-100$ , once a month . They don’t pay much and I guess 1/4 of that goes to gas . Can have from 300 to 500$ bonus at the end of each month due to performance review. That can also go to stocks . Expenses include, 288$ on car insurance with clean record, around 300 -400$ gas per month from 80% work commute. 104$ for phone and plans that will go at 70$+ tax after phone is paid off next march . 63$ per month for gymn (started after paying debts 11$ per months netflix (started after paying debts I Spend an average of 300- 500$ on food or groceries per month I also buy some stuff for the household with that amount . Mostly eat home cooked. So I’m looking at around 800$ - 1000$ per months available from paycheck, plus potential bonus 300-500$ amount.that I currently can put aside to invest. I do also have a choice to go back to construction, and another side job If anything goes wrong , they both pay about the same as my job . Or I could also do them in between , if there’s no extra shifts at my main job. I prefer doing those than Uber , as it’s way more money . So that way I try to keep my income consistent 3k per month. I’ve been learning about stocks , charts and etfs etc , but I still have a long way to go , and the money is coming in now ! I need to put it somewhere. I just allocate 400-600$ per paycheck immediately into my investment account (wealth simple) I grew to 2k invested in 2 months, which I find no issue to keep doing for at least the next coming 6-8 months. So my question is , where should I put my extra income (which stock with best returns) ? I don’t plan on touching for next 5-10 years . Also I don’t really know much about the type of accounts, RRSP and TFSA , FHSA etc… which account should I purchase the stocks into ? Should I try to invest more money while I’m young , and get help from parent to reach my goal ? Looking at around 50k to 100k for next 5 -10 years. Is my goal realistic? Considering that I might not live with parent forever and spending budget might change.
CNQ let’s get up past 67.50 ……. Pleaseeeeee
Wonder if this is what the CNQ guy is doing all the time, oh so many share sells, 30mil worth here, 25mil there, it’s constant for many years now.
CNQ calls. Oil can only travel upwards
Buy CNQ and thank me later
CNQ. I bought March 2020. We will all use oil every day long after I’m dead.
CNQ with those new highs ✨
Probably 4 or 5 months ago, I added CNQ. Decent dividend and a lot of growth potential. I like CNQ for heavy crude and natural gas. I also have SU. Again nice dividend. I really like SU for the oil sands. Canadian oil has been suppressed for a while with current leadership in Ottawa, so I think this is an opportunity. I own both of those stocks. XOM and CVX are always good. CVX is probably best priced right now. I also really like EMR. I own EMR, I do not own XOM or CVX, but I probably should. Buying oil stocks is one of the easier things, because they do follow the price of oil. Right now everything looks like demand is up and supply is down, so these are all priced at a premium. That will change, like it always does. I would hold out for sub $70 oil to buy anything.
I own Suncor and Imperial Oil. I am thinking about starting a position in CNQ. The bull case for me is simply that oil is not going anywhere. That's it. We need oil to run our modern society.
Jeff Currie is out at Goldman Sachs today (not sure what he is doing next). If that isn't the sign of an imminent super-duper-deluxe-mega-cosmic cycle for commodities, I don't know what is. --- Anyway, heading to Toronto today, excited to contribute to the GDP of our neighbor this week and provide limited dollar-liquidity. Maybe I'll buy some Canadian stocks. Heard you guys like oil too? ERF? CNQ?
MPC and FANG I've had for a few years, so no sense in selling them now. I'm way up on both. However, if I was buying today, I think there are better run companies and opportunities. CNQ and PXD are just very well run companies, IMO (both even stayed profitable during covid, iirc). LNG is a play on natural gas exports. I owned it before the Ukraine war, bit sold it after energy went nuts. I still think it's a solid play long term. TPL is just a land owner in the Permian. They make more royalties on higher oil prices.
I've been told.that the offshore plays are a big bet on very high oil prices. Since most of them have a high break even point (offshore is expensive) they need high prices to make money. When prices are high, they are very good. Otherwise, I like the lowest cost producers. CNQ is a great one. I own FANG, and flirted with PXD. If you really want leverage on high prices, the small E&P names are risky but offer more upside. I decided to go with a bigger name. If I was buying today, I'd go CNQ. I also like the idea of TPL since they just get royalties and benefit a lot from high prices, but I can't get past their shareholder squabble at this point. I also went with a lot of names that benefit from high oil prices, DAR, MPC, and MUSA do really well with high gas prices. MPC is the only true energy name (it's almost a multibagger for me at this point). LNG is another one I owned last year, but cut out as I shed some energy exposure. I still like it though. Also, coal prices tend to follow oil prices, so that's nice.
I am a 15M immigrant in Canada with $2000 from my dad. Next summer break, I will hopefully get my Canadian PR and will finally be able to find a job. All earnings from this job will be invested into stocks/etfs. Keeping all of that in mind, here is my list of stocks I plan to buy: 20% RKLB 20% AMD 20% ASML 20% Zscaler 20% CWEN The idea behind these picks is that they have great growth potential (as far as I know), though I do admit that RKLB’s risk is concerning. Back when I first started this list I included stable companies like MS and CNQ with moderately high dividends, but I’ve recently come to the realization that dividends for a $2000 investment will be too minuscule to matter that much, so I’ve kind of changed to growth stocks. Hearing all this, do any of you have any suggestions, corrections, constructive criticisms, or important questions for this plan/portfolio?
Spent the day at the oilsands of Fort McMurray, AB. SU laying off 1500, Imperial laying off 60% of office staff at their upgrader, CNQ freeing up cash left right and center. 100% convinced they know rough waters are ahead in the economy. None of these companies laid off workers during covid, negative oil prices, etc. The last major equivalent *trimming of fat* was late 08/early 09. Watch your backs 🙏
I honestly don't have many. Banks seem to always do well over time. Also natural resource stuff. I have one Canadian one called CNQ that's double in value since I've bought it, plus the dividends, pretty nice. I just don't keep track, every few months when I have excess cash, I look at how stocks I have performed and if there's anything else I should keep track of. There's a few sites that have spreadsheets for best dividend performers in US and Can market. Tracks which cut dividend, increase value, etc.
Good luck, we’ll check CNQ. Not sure which one is that
I've never looked at paypal, and while I want to own Disney, once I start looking at it, I am never happy with the price point. I added to my SU and GOOGL and bought new positions in DLR, CNQ and MMM. Quite honestly, I'm lukewarm about MMM. I've been watching it a long time but the management there has kept me away. It's such a great company with a great legacy and a decent dividend, so I finally pulled the trigger on some. We'll see how it turns out.
This is common. I pay a tax on my Canadian stocks when I get dividends. Check out CNQ killer portfolio.
UGA and CNQ but its more of a seasonal trade than a day/swing trade.
Spending my pay check on credit card debt and Canadian OIL shares. $CNQ
I think I overinvested in CNQ. I'm in for 25% of my current net wealth. No stop loss. very small option position of 1k to boot. I am more than willing to sit on the losses with the stock; I'm going to be pissed if I don't get most of that 1k out, because I hate losing on options. It erks me way more than being down money on a stock.
Smoke weed forget you like green tech and buy CNQ
I’m new to stock investments and just bought 50 shares of CNQ today. Seemed like a good buy. Is gas/energy considered a short-term type of investment? All of the posts here seem like day-trading advice. Where does a guy go for long-term investment advice? I’m trying to hold and sleep, not buy/sell and watch the market like a hawk.
What do you think is a good entry point into UGA or CNQ?
Guess who was short 300 shares of CNQ this morning 🤡🤡🤡
Exxon BP EQNR CON but they aren’t going to be flashy and will mostly make slow steady gains. One that could grow a lot is CNQ they have the ability to ramp up production faster than any other oil producing company if the demand is high. The problem with them is transportation. Problematic pipeline that shall not be named. But if they fix this temporary problem then skies the limit
CNQ. I am convinced it is the best run oil company out there. They bought up Shells Canadian assets for next to nothing. Share buybacks, large dividends. Anything above 70 WTI and it prints money.
I sold SU/CNQ/VET and GXE on Nov 3rd. Moved 50% of my oil positions into banks. So tempted to go back into oil. This might be the week to move back into oil. I like high divy stocks and Canadian oil companies are making crazy amounts of money above $60+ oil. Down side is like $60 oil and up side is $90-100 with winter/SPR ending(buy back)/china ramp up?
>, beyond the obvious that tech seems here to stay for many years (which is my goal for these accounts, retirement). Tech is the sector that is changing the most. That is why the technology sector has historically performed the worst. It is not that tech isn't here to stay, it is that the change is so fast - that many companies falter. There is a reason why the best shareholder returns over 30 years + came from the most boring sectors (consumer discretionary or consumer defensive). I find your companies very solid, but just keep that in mind. >WMG - Warner Music Group, I would have rather picked UMG but they're not public UMG is public, it trades on the Amsterdam stock exchange. ​ >be something a bit more old money conservative Old money conservative often means dividends and boring business. Berkshire is quite diversified here, the canadian banks or something like CNQ for comes to mind. Consumer defensive stocks like Walmart, Alimentation Couche-Tard come to mind as well - but these are currently quite expensive IMO. MCO (Moodys) is also a quite defensive company. You can also look into Utility companies
Over a quarter of my portfolio is in CNQ. I’m up a ridiculous amount and I have still been adding over this year. I also have a smaller position in BTE and I’m also up a lot. I bought an extremely small position in one gold company that had assets in Russia. That one not so good. I think I’m down ~20% Kinross In the past I have bought and sold a silver mining company for a 15-20% gain. It was a long time ago. I have been looking closely at Albemarle for about a year now. However there are just so many stocks on sale right now that I prefer.
Buy Birchcliff (more risk, more upside) or CNQ (less risk, cash generating monster, lowest oil sands cost producer).
She’ll sold their oil sands assets to CNRL for an absolute bargain and now CNQ is reaping the rewards. Shell is so brand and image conscience that they make horrible financial decisions.
I’d take CNQ over Shell any day. The Dutch are turning on Shell but Alberta would sell their first born for CNQ, and the Liberal Gov of Canada secretly are oil lovers due to the energy industry pretty much printing cash and sending it to Ottawa by the tractor load to pay for Universal Heath Care and world class education…… damn you Canada
Depends on why you bought it in the first place. I have a separate portfolio (in a retirement account) of strictly dividend stocks who's purpose it to create extra income. Early last year, I bought CNQ at $30. This past April, when it passed $60, I reevaluated. Its yield was halved at its new valuation, and it no longer served the purpose for which it was purchased. So, I sold it and and opened up two positions in companies that had a yield similar to CNQ when I first purchased it. Funnily enough, when it fell below $50 a few months ago, I purchased it again at $48, and it's currently over $60 again. So, if your goal was income from dividends, you might want to sell your better performers if you think you can buy more of something else with a better yield. I the end, it's up to you.
Finally added more to my CNQ. Hate buying at/close to ATH.
I believe it was CNQ
Funny enough, I have done better on the large cap O&G companies than the smaller ones--at least so far. Most of the money I put into energy was spent on large caps, like XOM, SU, CNQ, SHEL. I chose a bunch of small companies are more speculative plays, hoping for some outsized returns there, but so far that has not worked out. The SPR release and China's zero Covid policies sort of screwed my theories about how this would play out. Now there are worries a recession may undercut the rise in demand when Biden stops releasing oil and the Chinese open up. Right now I plan on waiting to the end of the year to see how the SPR release combind with OPEC's lower quotas play out.