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Originally Posted by dino7c
So what are the best Oil buys right now?
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This is a couple of months late, as best time to buy was in the summer. Right now some stocks are at all time highs or past their 52 week highs.
Suncor hasn't had as large of a run up as the rest. They have had lots of operational issues, so if they can get that behind them then the stock has lots of upside. If pricing stays high (like above $60bbl) then Baytex and Crescent Point will be undervalued. They were beaten down due to large amounts of debt, with high prices they wont have issues paying it down, getting their balance sheets in order and then reinstating/raising dividends.
O&G service stocks haven't had a large of a run either. During "boom" times they see their profit margins grow the most. Lots have no debt, so they will be cash flow machines with increased activity. Look at Trican and High Artic.