Canadian Natural Resources Limited (CNQ)

"...India’s (oil) consumption (is) around 15–16% higher than the pre-covid levels..."

https://www.livemint.com/industry/energy/why-does-india-want-opec-to-raiseproduction-11634750199689.html

$OXY $CPE $RIG $OIH $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG

This will be good for Monday. October 16, 20218:04 AM EDTLast Updated 17 hours ago
Middle East
Iran's navy thwarts pirate attack on Iranian tanker -report
Reuters

1 minute read
DUBAI, Oct 16 (Reuters) - Iranian naval forces intervened on Saturday to repel pirates who attacked an Iranian oil tanker in the Gulf of Aden, Iran's state media reported.

Pirates in five speedboats attacked the unidentified tanker, but they fled after facing heavy fire from Iran's navy, the state broadcaster IRIB said on its website.

Iran’s navy has extended its reach in recent years, dispatching vessels to the Indian Ocean and the Gulf of Aden to protect Iranian ships from Somali pirate attacks.

$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO

In the Globe and Mail today!
Scotia’s top picks among large cap oil-weighted stocks are:

Canadian Natural Resources Ltd. (CNQ-T +1.92%increase
) to $60 from $52 with a “sector outperform” rating. Average: $57.20.
Cenovus Energy Inc. (CVE-T) to $16.50 from $14 with a “sector outperform” rating. Average: $16.99.
It’s top large-cap pick among Montney/natural gas stock is Tourmaline Oil Corp. (TOU-T +1.79%increase
) with a $76 target, up from $59 and above the $58.42 average, with a “sector outperform” rating.

As predicted! China is getting colder already!
https://www.google.ca/amp/s/www.bnnbloomberg.ca/early-freeze-across-china-adds-to-the-nation-s-energy-crisis-1.1667641.amp.html

$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO

‘Crazy’ Bets on $200 Oil Invade the Options Market
Traders are wagering U.S. crude’s rally to a seven-year high is just the beginning, despite a softening global economic expansion

The bullish trading amounts to a gamble that supply-chain disruptions and regional shortages will keep pushing energy markets higher.
PHOTO: LUKE SHARRETT/BLOOMBERG NEWS
By Gunjan Banerji
Oct. 17, 2021 5:30 am ET

A roaring trade in bullish crude-oil options says the 2021 energy rally is far from over.

Traders once again are betting that the U.S. oil benchmark will surge above $100 a barrel, from a recent $82, as early as December. U.S. crude, known as West Texas Intermediate or WTI, is up 10% this month, and 70% this year, but it hasn’t hit $100 since the oil crash of 2014.

Wagers across the Atlantic are even more aggressive. Some traders are betting Brent crude, the global benchmark, will hit a record high of $200 a barrel by December 2022, according to data from provider QuikStrike. Options give investors the right to buy or sell at a stated price by a certain date. Traders typically use options to make directional bets or to hedge their portfolios.

The bullish trading amounts to a gamble that supply-chain disruptions and regional shortages will keep pushing energy markets higher, despite a slowing global economic expansion and concerns that higher oil and natural-gas prices will crimp consumer spending. The wagers also show that investors drawn by the small upfront investments and potentially quick payoffs of options trades are piling into energy markets, echoing trades in the stock market this year.

$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO

last stock split from CNRL was in May 2010, 2:1, at $70.78 CDN.

In 2004, the stock split 2:1 at $78 CDN, then again in 2005 at $67 CDN.

If the stock goes back to that price again, then I think it's possible for another 2:1 split

Here is a something to think about when evaluating the management team and BOD at Suncor. Some people are saying that this stock is lagging its peers in the oil sands, others are saying that oil just doesn't have a future. Still others are saying that management team has a solid plan to improve shareholder value. What does the market say about the current value of a $10,000 investment Made on January 2, 2020. If you put that money in $SU:TO today you would have $7,318 (-26.82%), $CVE.TO $12,766(+27.66%), $CPG.TO $13,290 (+32.9%), $CNQ.TO $14,850 (+48.5%), $BTE.TO $24,967 (+149.67%). So, it looks like a pretty common theme here- at least 50% behind everyone else. Either Suncor is not managing the operations of their day to day business properly or, they are not managing the finances of the company properly. Aside from incompetency, there are not many other explanations for this type of share performance that don't include some kind of natural disaster, fraud, or willful malfeasance. The time for a change in direction has passed - it's time for a change in leadership! The opportunity cost of sticking with these guys is way too high. The damage they have caused is about their decisions and not about the business they are "managing".

Headline: "Gas Prices In Europe Are Now The Equivalent Of $205 Oil"

"The energy crisis continues to worsen, and there is no immediate relief in sight, analysts say"

At that price for nat. gas, oil at $80 is basement-price cheap, so oil demand will only go up. The US is now importing 7 million barrels of crude A DAY!

Glad I skewed portfolio heavily to O&G from March 2020; this is where massive growth will be over the next 18+ months.

https://oilprice.com/Energy/Gas-Prices/Gas-Prices-In-Europe-Are-Now-The-Equivalent-Of-205-Oil.html

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Eric Nuttall view on Twitter today,
@ericnuttall
“We do NOT need higher oil prices for energy stocks to continue to rally into year-end (and beyond) but only for the generalist to believe in a higher, sustainable floor of $60+WTI. Read more tomorrow about how I'm positioned heading into year-end in the
@financialpost
tomorrow!”

$OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO

Mexico’s Pacific Coast more outages as another hurricane barrels in! Love how the media is keeping quiet! $$ ;)

https://www.google.ca/amp/s/www.aljazeera.com/amp/news/2021/10/13/hurricane-pamela-makes-landfall-mexico-west-coast

$BTE $OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG $ATH $CNQ $USO

Who is ready to get rich in the oil and gas sector? 100 oil is coming quickly! 1973 all over again!!!

$OXY $CPE $RIG $OIH $SU $XOM $CVX $VET $EOG $CNQ $LPI $CLR $CDEV $CPG