An up-and-coming oil producer
Concho Resources has some risky positions, but there's good reason to believe in the company's oil projections.
Take a look at Statoil (STO), it's got dividends, growth and international exposure
If you're looking for stability and not gains growth.
STO has made some big finds this year that have made up for declining production of the last few years, but even with them, they won't be producing past their peak output.
I like that stock as a fixed income + foriegn capital appreciation play. It's priced in Norweigian, you'll get the gain in dollars from their stronger currency.
Mr. Jubak, could you please explain to me the correct way to invest in Canadian stocks? And am I blowing smoke that Canadian stocks are relatively safe and undervalued? I'm looking for pure plays that might not be on one of our exchanges. I am also wanting to know if Canadian companies do indeed pay less corporate taxes and if IRA's get any Canadian benefits, such as dividend payout or no foreign tax.
I think it would make a good column. Just explain everything including the kitchen sink, such as the advantage of the Roth IRA for gains that appreciate markedly versus regular IRA's for the tax benefit on holdings such as cash. And it seems that regular IRA's won't help much unless there is a big drop off in reportable retirement earnings.
Also, there was a Canadian-US tax agreement passed (2001?) that supposedly made it a lot easier to invest in Canadian stocks. Please reveal the ramifications of that.
And I see your oil stocks did nicely today. My CNQ has reversed and made about 5% the last two days and I'm in the black. I'm in the black on almost all six stocks I picked last week.
Which reminds me, another thing to talk about is selling stock. I'm a lot better at buying than selling. I know you've probably written on that subject a few times, but I'm listening. Hint, hint. And what is your take on my theory that November elections are going to cause a market effect, or is that something that can be disregarded?
And thanks for all your columns. I'm trying to get number one son set up in a Roth IRA brokerage account. He's 23 years old, and I told him I would match the first check he put in there. He's kinda amazed that I occasionally make more money during a month in stocks than in my job. I did so this week if tomorrow stays flat. I also grew my IRA 30% over the last three years. Sometimes I get tempted to leverage with puts and calls, etc. I just think I'm too old for that and ain't rich enough. And my IRA won't allow it, which is something else you can add to a column on investing in Canada.
Here is my one and a half cents worth of a cheapy oil producer: CNQ, Canadian Natural Resources, $35?
Today it pulled back 4%. Analysts say it's a blue chipper, but neutral on buying so it's a hold. I say Canadian stocks are going to heat up. Buy it in an IRA portfolio to avoid any foreign tax and check on it weekly. Buy more on any major downturn of say, 10% from this starting price. Sell around August and buy back in around January. I'm thinkin' there's gonna be an Obama election effect somewhere up ahead. But I'm smokin' rabbit tobacco here, so tweak the dates.
Legal disclosure: I don't usually know too much about what I'm talking about but I'm lucky as all get out. And I just bought 100 shares two days ago.
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