Thursday, July 12, 2012

Canadian Energy Stocks

Sit down folks I've cracked the code on energy stocks traded in Canada.

Ready for it.  Apparently as of early March 2012 it works like this:

When oil goes down.  Canadian energy stocks go down.

When oil stays flat.  Canadian energy stocks go down.

When oil goes up.  Canadian energy stocks go down a little less.

Even the larger ones.

I keep adding to my favorites.  The scary part is oil is $85.  Not exactly a low price or a problem for oil producers.

Chart forPenn West Petroleum Ltd. (PWE)

1 comment:

  1. You're not alone in wondering what's happening. Even relatively safe and high yields are not helping.

    Regards, Tony.