Is it time to buy Canadian oil and gas stocks again...
...after hitting a seasonal low in August, with most stocks priced near the bottom of a 2 year trading range?
And now, with economic stimulus announced this week in China, and after the US Fed added its own stimulus of a 50 basis point interest rate cut, this in addition to entering the winter heating season which could see speculative interest in the sector increase?
Just curious on other people's thoughts. As the saying goes, I tend to "rent" these stocks for short term periods of a couple of months, as opposed to the couple of years that I may own growth stocks in other sectors, but I'm curious what other people are thinking now.
FWIW, I've started a small position in $Canadian Natural Resources Ltd (CNQ.CA)$ , $Suncor Energy Inc (SU.CA)$ and $Tourmaline Oil Corp (TOU.CA)$ , as the dividends will pay me to wait for a few months to see if my thesis plays out. We shall see. 🤔 $Enbridge Inc (ENB.CA)$ $TC Energy Corp (TRP.CA)$
And now, with economic stimulus announced this week in China, and after the US Fed added its own stimulus of a 50 basis point interest rate cut, this in addition to entering the winter heating season which could see speculative interest in the sector increase?
Just curious on other people's thoughts. As the saying goes, I tend to "rent" these stocks for short term periods of a couple of months, as opposed to the couple of years that I may own growth stocks in other sectors, but I'm curious what other people are thinking now.
FWIW, I've started a small position in $Canadian Natural Resources Ltd (CNQ.CA)$ , $Suncor Energy Inc (SU.CA)$ and $Tourmaline Oil Corp (TOU.CA)$ , as the dividends will pay me to wait for a few months to see if my thesis plays out. We shall see. 🤔 $Enbridge Inc (ENB.CA)$ $TC Energy Corp (TRP.CA)$
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