The Rising Influence of Rising Affluence

[xavierprivas]

No. I only follow a few companies (BP, RDS, XOM, CVM) and all of them did
report positive earnings for 3Q 20. However there is still a glut of
oil as OPEC+ still considers extending the current production cut.

I don't mean to pick on CNQ, but it is not obvious to me that they
are better than the other companies.

On natural gas, CVX seems to be in the mood for delaying Gorgon
LNG production which tells me there is not much demand. CNQ is
a producer of both oil and gas but the prospect does not seem
better in gas market.

The energy sector is cheap now and is likely to stay cheap for another
quarter easily. I did buy ENB recently for the high dividend payout
9% and pretty safe (their distributable cash flow is twice their
dividend). For growth or capital gain I still favor biotech.