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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (62300)	8/1/2019 7:41:59 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78683

You could be correct with Ng plays. I think the are economically unexiting. I made the conscious decision in. Late 2014 to exit all my energy plays. My thought then was that with rapidly falling energy prices, I would have no way of knowing how much reserves would still be economic and what they would be worth, except that it would be much lower than former values. I really have not owned any en great stock (except maybe BP for short time ) since and see little reason to do so. I concentrated on the midstream sector, and specifically those companies with an utility like asset base, where I can be very sure get paid, as long as Ng and crude get transported , regardless of the price. I have been watching for an infliction point where these companies can generate FCF and reward shareholders even a low energy prices. I think the Canadian plays like CNQ and SU are ones who make this hurdle and to some extend majors like BP,CVX RDS and XOM move forward! Although with the latter group the valuation isn’t that attractive. The midstream are pretty volatile if you want to trade and pay you well while waiting for higher prices.