Oil Stocks: Don Vialoux, TimingTheMarket.ca
Don Vialoux, technical analyst, TimingTheMarket.ca
PETRO-CANADA (NYSE:PCZ TSE:PCA): buying points November, selling points May..right now stock has bottomed..might base here for period of time, then go higher..
ENCANA (NYSE:ECA TSE:ECA): chart is similar to Petro-Canada’s..hedged a good part of production of gas at significantly higher prices..oil stocks going through basing pattern..might do nothing for 4-5 weeks, but want to get in while they’re cheap..try to buy these (oil stocks) things on weakness
CANADIAN OIL SANDS (TSE:COS.UN): classic seasonal pattern..getting close to period of seasonal base..nice base, good move coming into spring-time
TOP PICK iSHARES S&P/TSX ENERGY ETF (TSE:XEG): Starts to move higher end of November until end of May..interesting thing is now we’re approaching end of November..could get seasonal factors coming in earlier..we are approaching seasonal strength..technicals show bottoming out already..be prepared to move in sector in the next coming weeks..pendulum starting to swing other way..profit average 16.2% + dividend if you bought November, sold in May last 9/10 years..
PETRO-CANADA (NYSE:PCZ TSE:PCA): buying points November, selling points May..right now stock has bottomed..might base here for period of time, then go higher..
ENCANA (NYSE:ECA TSE:ECA): chart is similar to Petro-Canada’s..hedged a good part of production of gas at significantly higher prices..oil stocks going through basing pattern..might do nothing for 4-5 weeks, but want to get in while they’re cheap..try to buy these (oil stocks) things on weakness
CANADIAN OIL SANDS (TSE:COS.UN): classic seasonal pattern..getting close to period of seasonal base..nice base, good move coming into spring-time
TOP PICK iSHARES S&P/TSX ENERGY ETF (TSE:XEG): Starts to move higher end of November until end of May..interesting thing is now we’re approaching end of November..could get seasonal factors coming in earlier..we are approaching seasonal strength..technicals show bottoming out already..be prepared to move in sector in the next coming weeks..pendulum starting to swing other way..profit average 16.2% + dividend if you bought November, sold in May last 9/10 years..
posted by Spelunca at 12:31 AM
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