InvestorsHub Logo
Followers 13
Posts 349
Boards Moderated 0
Alias Born 02/03/2011

Re: mrdecember123 post# 4293

Wednesday, 10/31/2018 8:50:27 AM

Wednesday, October 31, 2018 8:50:27 AM

Post# of 9849
I’ll have to agree with you that when looking at correlation with WTI the US nanes so far better not to mention the ridiculous politics that disincentives oil investment and prevents Canadian oil companies from getting their oil to market at reasonable prices (given tons of delays and opposition to pipelines). Given most of my money is in CAD I tend to have to invest it there especially when our exchange rate is so poor vs. the US (but 3Pea has definitely substantially bumped up my US allocation not too shabby given I transferred that money to TPNL when the CAD/USD were at parity. I think DNR is reasonable play for oil but don’t mind CPG at the current price especially given Canadian oil prices (spread to WTI) is expected to improve to to an uptick in refinery capacity and increased capacity for shipping oil by rail coming into 2019. Let’s just hope trump can agree to a trade agreement with China and not impose any further tariffs or else oil will continue to take a hit as they are the ones driving most of the oil demand, thought I do think we will get back into inventory draws shortly as we go into winter and refinineries come back online which should help.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent PAYS News