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Peyto is currently enjoying the high-gas pricing backdrop, but that is underpinned by multiple operational risks. Peyto is an experienced operator but subject to high decline rates and modest reserves. Peyto’s accelerated capital program and rising inflation costs will like...
ConocoPhillips is in the cat-bird seat when it comes to benefiting from the current broken global oil & gas supply chain as a result of Putin's horrific war-of-choice in Ukraine. COP's big Permian acquisitions (Concho & Shell's assets) at the bottom of the cycle due to covid-1...
Rising demand, geopolitical tensions, and supply concerns, as OPEC+ countries are struggling to increase their output, have led oil prices to trade above US$110/barrel. Higher oil prices could benefit oil-producing companies by expanding their margins. So, given the favourable environment, ...
Oil stocks are rallying hard in 2022. Thanks to supply chain issues, the supply of oil is being held up, leading to high prices. OPEC, so far, is not prepared to raise output more than incrementally, so the high prices may continue for the foreseeable future. This is bullish for energy comp...
Canadian oil stocks are rallying hard this year. For the year, the S&P/TSX Capped Energy Index is up 48%, which is remarkable given that other categories of stocks are down. Tech stocks are positively crashing, while financials and other sectors are modestly down. It really seems li...
Are you waiting for the right time to start investing? If so, you’re in luck, because now is that time. History shows that when stocks go down, those who buy them tend to realize higher returns. The age-old saying, “buy low and sell high” is easy enough to understan...
The S&P Energy Index is up about 37% this year, making energy one of the few sectors delivering alpha. This has naturally led to some people saying that the trade is overheated. In fact, oil stocks are still very cheap, and there are reasons to believe that oil prices will rem...
100% technical buy signals. 11 new highs and up 14.32% in the last month. 152.31% gain in the last year. Consensus price target 21.00. For further details see: Cenovus Energy - One Of The Best Oil Stocks
Stock investing is tricky when the market is blowing hot and cold. like today. The TSX’s behaviour in recent weeks has been erratic due to supply chain problems, surging inflation, and rising interest rates. Nevertheless, newbie investors can still make money in 2022 from...
Cenovus Energy Inc (NYSE:CVE) traded today at a new 52-week high of $21.25. This new high was reached on below average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 12.3 million shares. Based on a current price of $21.14, Cenovus Energy...
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CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59. As one of the largest oil sands companies in Canada, and a membe...
2024-06-07 15:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 03:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...