A follow up I'm holding TVE, CR, ERF, ESI, QST plus sold my MEG yesterday. Will also consider NVA, TOU, and BIR at points as nat gas appears to have stopped dropping.
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Oil prices and Biden Win
- Thread starter bob2007
- Start date
Another great week in this sector; not sure when the short term trend in Oil will end ( $50 WTI seems like a logical target ) so I'm taking some profits daily. Sold my ESI on Friday close ( stock has lost any momentum ), sold TVE immediately after the takeover news at a healthy profit, traded in and out of ERF/MEG several times ( still in MEG ). Bought BIR Friday I sense Nat Gas is starting to rally again. Holding CR ( junior nat gas ) and 60% of my original QST ( green energy play ) as speculative investments. Took a short term trade in ATH as speculation on Oil itself ( not sure if this is a good idea but could be lucrative if Oil busts $50; ATH is on shaky ground early next year ).
Given how rapid this rally has been, I have reduced my exposure to pure Oil plays to await possible confirmation Monday on trend and stimulus talks. Will pull the plug on MEG and ATH quickly on any red flags, or jump back into ERF if something positive occurs.
Given how rapid this rally has been, I have reduced my exposure to pure Oil plays to await possible confirmation Monday on trend and stimulus talks. Will pull the plug on MEG and ATH quickly on any red flags, or jump back into ERF if something positive occurs.
TVE is a interesting play, it was halted Monday on pending news the possibility of a take over seemed real ( stock rallied hard on the previous Friday ). Instead, they took over two properties widely acknowledged as a good deal but they financed it at $1.15 a share. Stock was at $1.39 showing higher bids before the halt. So I bailed quickly at $1.36 expecting a price slightly above $1.15 was coming. It's $1.33 now, surprisingly resilient imo given it was an 0.83 cent stock not long ago. I'm hoping for a drop maybe to $1.20 then I'll rebuy because it remains good value; pending Oil price holding ( on an Oil drop I like this at $1.15 ). If it holds $1.30 and Oil holds $50, I may consider this as a better alternative to the MEGs of the world.
I had experiences with PTQ and TRQ earlier this year where financing deals ( made and needed ) put a damper on a stock trending well. PTQ did sell down to the financing price and I sold at b/e on a brief rally; the stock is higher now as some had forecast. TRQ I took a large loss and if I'd held it I'd have made money, but I put the money to work in other stocks successfully. Both were high risk stocks with large upside potential; I like TVE more then any of them ( one analyst is a heavy buyer says it'll go to $4 or get a healthy take over bid ). TRQ could be a home run, but the financing angle was a red flag.
I had experiences with PTQ and TRQ earlier this year where financing deals ( made and needed ) put a damper on a stock trending well. PTQ did sell down to the financing price and I sold at b/e on a brief rally; the stock is higher now as some had forecast. TRQ I took a large loss and if I'd held it I'd have made money, but I put the money to work in other stocks successfully. Both were high risk stocks with large upside potential; I like TVE more then any of them ( one analyst is a heavy buyer says it'll go to $4 or get a healthy take over bid ). TRQ could be a home run, but the financing angle was a red flag.
QST looking very bullish now ( the original Biden related play ). I took profits today with an eye to rebuy soon. Rebought TVE recently looking moderately bullish. Bailed on BIR at a slight profit recently, trading MEG and ERF daily. Holding ATH but will bail soon on any small rise; still holding CR. Less weight in energy as mining rally took hold.
QST breaking out this week could go much, much higher. I rebought early today, added to my existing TVE position, traded into ERF twice today, sold my MEG at a profit after it stumbled around in recent days. Plenty of break out candidates in Cdn energy started to develop today ( eg QST, TVE, ESI, NVA, BIR, MEG, ERF, even ATH but I sold that at 19 cents today to reduce my risk ). Fairly volatile plays with plenty of short term upside potential if Oil holds $50 ).
QST I like as a pure Biden play ( green energy ). I suspect if Dems win the Senate it'll move up rapidly. However, I'm not sure to what extent that might be a drag on Oil itself. Nat Gas sector I think does well under this scenario.
QST I like as a pure Biden play ( green energy ). I suspect if Dems win the Senate it'll move up rapidly. However, I'm not sure to what extent that might be a drag on Oil itself. Nat Gas sector I think does well under this scenario.
Breakouts or potential breakouts on all Cdn energy mentioned in this thread. Quite a lucrative area in recent weeks.
I'm making a lot of money since Jan 27 on this sector. Ironically, my Green Energy play corrected after a nice run so my latest trade on QST is underwater. I firmly believe it will return to $5-$6 a share eventually but I got caught rebuying at $3.50 on that premise and it corrected hard. Seems to be stable around $2.70-$3.
Previously mentioned break out candidates TVE, NVA, BIR, MEG, ERF, ATH all did so. I rebought ATH very large position at 0.275 sold it at 0.34 ( then watched it go to 0.42 the next morning ). Took a new position at 0.385 Friday with a short leash if Oil isn't up again. ESI has recovered from a corrective move, BIR finally broke resistance after a similar correction, but I'm unclear on the merits of those two short term so I sold them for modest profits but happy to recoup some unrealized losses on my latest positions. ESI has huge potential if Oil goes to $60, but TVE/MEG/ATH/ERF are my preferred go to trades in this regard.
I sold CR Friday in advance of earnings at a nice profit; will rebuy if it looks decent after. Dabbled in ARX but also sold in advance of earnings; both are nat gas companies. Overall my energy weighting is down going into Monday, but that's down from an enormously weighting mid day almost every day last week ( I carried some and day traded others on every positive Oil day ). I like the nat gas story but the Cdn stocks have all rallied hard and nat gas is prone to some pretty random moves in price it seems.
Overnight risk of course is quite high in this area but it's a great move ( stimulus and Oil trend suggest we may not be done yet ).
Previously mentioned break out candidates TVE, NVA, BIR, MEG, ERF, ATH all did so. I rebought ATH very large position at 0.275 sold it at 0.34 ( then watched it go to 0.42 the next morning ). Took a new position at 0.385 Friday with a short leash if Oil isn't up again. ESI has recovered from a corrective move, BIR finally broke resistance after a similar correction, but I'm unclear on the merits of those two short term so I sold them for modest profits but happy to recoup some unrealized losses on my latest positions. ESI has huge potential if Oil goes to $60, but TVE/MEG/ATH/ERF are my preferred go to trades in this regard.
I sold CR Friday in advance of earnings at a nice profit; will rebuy if it looks decent after. Dabbled in ARX but also sold in advance of earnings; both are nat gas companies. Overall my energy weighting is down going into Monday, but that's down from an enormously weighting mid day almost every day last week ( I carried some and day traded others on every positive Oil day ). I like the nat gas story but the Cdn stocks have all rallied hard and nat gas is prone to some pretty random moves in price it seems.
Overnight risk of course is quite high in this area but it's a great move ( stimulus and Oil trend suggest we may not be done yet ).
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M&A activity really picking up in Cdn energy. ARX ( nat gas ) buying VII at cost ( "merger" ), IPL getting a hostile takeover bid at a premium from Brookfield. BIR ( nat gas ) had huge earnings beat. TVE and ERF are on a tear in recent days; MEG and QST surprisingly not. I'm now dabbling in BTE and CJ on top of some of the other plays. Would not surprise me to see more M&A in this sector now that the money and fresh investment is rolling in.