Nice moves in those stocks, Gulo, esp. OPC today.
I guess I've been wrong to avoid these Canadian oil sands plays. Reasons are: small companies, some not profitable, lots of hype/boosting on SI scaring me, my inexperience and reluctance to buy stocks directly in Canadian market, my suspicions about Canadian asset stocks in general. My stock positions are generally small, and so I don't want to be bothered tax-time with concerns about Canroy trust reporting. So I'm not interested in Canroys.
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I just cannot determine values for these stocks - info is more difficult for me to come by too. (Info. might be out there and available, so it could be just my lack of education, experience or capability in analyzing.) For me, I have to see it as a macro call - oil prices are (I am betting) going to stay high, and oil companies' profits will be increasing, and maybe their stock prices will move up further as well.
For me, my oil sands play is Suncor (SU). It's relatively big, profitable, and easily trades with a US symbol. If stock breaks to new high, I plan to add to my position.
If you have some recommendations for buys at current price in the oil sands arena (including "related service companies"), I, and I'd guess others here too, would be interested in reading of them. |
