We're right in the middle of the year's slowest months when it comes to prizing oil-related fuels. Globally speaking, February is held to be the most difficult of all, when coldest temperature extremes are most likely happenstance and snow/ice storms are commonplace. In addition to this, there's plenty of storage already in place with significant lead time prior to any perceived need to revise utilization schedules.
Long story short: We are in the yearly slump time right now. Things will show signs of perking up around the middle of next month when energy traders scramble to lock up hedging contracts several months ahead of expected seasonal shifts in available supply.
Every year I scout for opportunities to make use of the above. This week I've been considering adding more shares but feel 33,000 shares should be enough.
You might look at another stock in the same business: Lonestar Energy LNREF. It's generally thought to spread out risks although both CAZFF & LNREF tend to move in parallel motion for the most part. Today, for example, both are higher whereas previously, both moved seemingly in lockstep.....down-wise, of course.
There are many of us energy-oriented investors enjoying regular income from MLPs such as NTI and CVRR. These trust-like structures cost more up front but fill a need for those in search of income. The point here is that there are numerous ways in which to make use of seasonal affectation. Hi-yield income producers present one.
Let me know how you make out if you decide to explore this.
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