I was out of Gear Energy, as you know, and MEG Energy. My timing was, for once, good. I took profits. On the other hand my timing on Granite Oil wasn’t good. Source: StockCharts.com I sold Granite at a rock bottom price. It was frustrating as the stock was at C$3 per share a month […]
It’s not looking good for Gear Energy. Source: StockCharts.com The current capitulation is due to the fall through the 50-day moving average. The stock will test the C$1.10 level next. Disclosure: I am long GXE. Not for republication on Seeking Alpha.
I am simply astonished by the choice of the Board of Directors of MEG Energy. Derek Evans served as CEO of Pengrowth Energy from May 2009 until March 2018. I extracted a weekly view of the stock price of Pengrowth from the time he became CEO of the company. Source: TMX Money Shareholders never recovered. […]
I realized two new transactions in my portfolio today. It has been a long time since I traded. I took profits by selling my position in Gear Energy. The stock currently looks weak in the short term. Source: StockCharts.com The WTI/WCS differential has been collapsing for the last couple of days… Yet again. This explains […]
Don Gray bought 350,000 shares (C$0.82/share) of Gear Energy on December 15 and 400,000 shares (C$0.99/share) on January 12. And the chart is looking good. Source: StockCharts.com Disclosure: I am long GXE. Not for republication on Seeking Alpha.
Despite mostly upbeat Q2 results, my stock picks aren’t moving higher. Sentiment is still negative in the energy market, capping energy stocks gain. Painted Pony and Point Loma are underperforming. Prairie Provident and Granite Oil are my two favorite buys right now. Click here to read the entire article on Seeking Alpha.
Last week’s sell-off was a one time event: Stability in the oil market should return. Selling overleveraged and low netbacks oil producers. Adding to my favorite Canadian E&Ps. Click here to read the entire article on Seeking Alpha.
Last Wednesday was a test for energy investors. Did you resist the urge of following the masses by selling your energy holdings? I resisted. I added to my favorite energy holdings last Wednesday, which are Gear Energy, Point Loma Resources and Raging River Exploration. Those companies can survive low oil prices and then thrive once […]
I am now well positioned for 2017 after another series of move in my portfolio. I added to my positions in Painted Pony Petroleum and in Gear Energy by selling part of my position in MEG Energy. I am preparing my portfolio for lower oil prices. I opened a position in Tidewater Midstream & Infrastructure. […]
DUCs completion rate will reverse dramatically. This scenario would lead to growth of 500,000 bbl/d. I am less inclined to say that oil will rise substantially in 2017. Click here to read the entire article on Seeking Alpha.