Q: Hello 5i Team
I would like to add to the above stocks , do you see oil to start to make a comeback and would you recommend these stocks.Would you recommend any other stocks in the oil or gas industry?
Yesterday zoom was just fantastic with lots of takeaways of knowledge.
Thank very much.
I would like to add to the above stocks , do you see oil to start to make a comeback and would you recommend these stocks.Would you recommend any other stocks in the oil or gas industry?
Yesterday zoom was just fantastic with lots of takeaways of knowledge.
Thank very much.
5i Research Answer:
Note both TNZ and TOU are more gas-focused, as opposed to oil leveraged. We think both are fine and buyable. Recent Russian sanctions have spiked oil, but we are not sure the move will be sustainable. Global demand does seem to be waning a bit. Still, valuations make the sector attractive. For oil-focused names, we would suggest CNQ and SU to start off with.