Underexposed - Effect of falling oil prices on Canadian Stocks - Stocks and ETFs Trading | futures io social day trading
futures io futures trading


Underexposed - Effect of falling oil prices on Canadian Stocks
Updated: Views / Replies:406 / 4
Created: by Underexposed Attachments:6

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Underexposed - Effect of falling oil prices on Canadian Stocks

  #1 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

Underexposed - Effect of falling oil prices on Canadian Stocks

I am not allowed to express my opinions on the falling oil prices because the owner of the The CL Crude-analysis Thread does not like me and has place me on ignore so after one response to the poll I was forbidden to offer any more comments.

But that is fair I suppose since the majority there have no interest in Canadian stocks and long term/swing trades of the same. It is primarily for futures traders as I see it so this discussion will not interfere with their discussion as it will focus on Canadian issues.

It is not easy to get a comparison on a S&P Capped Energy index so I chose a Horizon ETF [HXE:TSX] on Energy which includes natural gas as well as oil.

Here is the comparison between the NYSE Oil index, the Dow Jones average, the S&P TSX composite and the HXE Canadian ETF.


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



Looking at the DJA and S&P TSX Composite index by themselves does not tell the tale of the effect on Oil prices between the two countries, though as you can see the TSX has suffered far more than the DJA.

It is the NYSE Oil index and the Horizons S&P/TSX Energy ETF that really tell the story on the effect of falling oil prices on the industry. Both of these charts reflect the effect on companies specific on the energy sector... sice it is those companies that make up the indices and etf.

As you can see the effect is very harsh on Canadian energy stocks compared to their American counterparts.

It has become very serious in Alberta, Canada as billions of revenue for the province coffers have been lost to date. and this is the province that HAD (past tense) the strongest economy in the country.

Suncor cuts $1B in capital spending, plans to chop 1,000 positions | Calgary Herald

you can see the effect on just one major Oil company in the Oil Sands.... others are following suit.


Please contribute your thoughts on this crisis...I say crisis as most feel we are entering a recession because of these games with the oil prices....nice to have cheaper gasoline but it is pretty lame if your job disappears.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

a look at O&G stocks by price level


Don't get me wrong.... if you are prepared for the crisis and have a decent amount of money held in Cash there will be beaucoup opportunity when this nonsense sorts itself out.

Out of curiosity I did comparisons on prices of similar price levels.

this is what I found:


a) share price > $50


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



b) share price $30 - $50


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



c) share price $15- $30


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



d) share price $10- $15


Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



e) share price $5- $10

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).



the "obvious" observation here is that the lower the share price the more severe the drop in share price. There are many more stocks under $10 on the TSX in the O&G industry and I have not even considered the TSX Venture exchange

at all levels there is opportunity...especially if you are looking for good dividend paying stock. The lower priced stocks may become the prey of more solvent higher priced stocks... a lot of these lower priced stocks were only profitable at $110/barrel oil... at $40/barrel they will be struggling to stay afloat of their debt if they are debt laden... but the bigger boys will be looking to expand their lease holdings at bargain basement prices, I am thinking.

I would like this thread to be comments by viewers here on various O&G companies. One cannot be everywhere in such a large group of stocks

I am looking for a dialog here... If that does not happen I will assume no interest and let the thread drop.... Though I will be doing my own DD to find opportunities myself.

I look forward to discussions here.....

Reply With Quote
 
  #4 (permalink)
Elite Member
Toronto, Canada
 
Futures Experience: Beginner
Platform: Questrade
Broker/Data: Questrade
Favorite Futures: Options
 
Posts: 99 since Apr 2013
Thanks: 190 given, 25 received

Also seems to have an indirect effect on the Canadian banks. Might not be related though but they're also going down.

Reply With Quote
 
  #5 (permalink)
Membership Temporarily Revoked
Calgary Alberta/Canada
 
Futures Experience: Advanced
Platform: TDWaterhouse
Favorite Futures: stocks (long term)
 
Posts: 934 since Feb 2014
Thanks: 180 given, 777 received

yes... I don't really understand why at this point other than that the banks have had a good run of late and a correction is due.

But I don't think it is as bad...yet. I think the fall there is about 5%... not 25-50%.

If this gets worse there will be a lot of services to the oil patch that will be caught in the net. With companies shaving billions of dollars off their budgets for 2015 it means less supplies bought, cut back in service contracts, reduced drilling programs... the list is endless. Governments will be socked with more debt to survive without the juice the oil and gas royalties provide them and Alberta has been depending on them a lot.

it is a huge cluster-f IMHO... eventually I will do a comparison of this fall with oil prices falling to 2008-2009 where the USA and world banks fell apart and oil prices rose... this may be revealing

Reply With Quote

Reply



futures io > > > > Underexposed - Effect of falling oil prices on Canadian Stocks

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Underexposed - Canadian Stock Journal Underexposed Trading Journals 609 March 21st, 2015 02:49 PM
Falling Gas Prices Are Very Bullish for Stocks Quick Summary News and Current Events 0 November 11th, 2013 07:20 PM
Biggest Tax Relief for West? Falling Oil Prices Quick Summary News and Current Events 0 December 19th, 2012 07:00 AM
With Storm Threatening Gulf, Why Are US Oil Prices Falling? Quick Summary News and Current Events 0 August 27th, 2012 02:30 PM
Falling Oil Prices Bad for US/China Relations: Economist Quick Summary News and Current Events 0 May 10th, 2011 04:50 AM


All times are GMT -4. The time now is 07:46 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-17 in 0.10 seconds with 20 queries on phoenix via your IP 54.163.209.109