In my Valentine's Day interview with Jim Goddard, I make the case that Energy stocks led by Cenovus (CVE) are likely going to start pulling their weight in the Canadian market. That would be a welcome development for Canadian investors because our indicators are also suggesting that the recent marijuana stock rally is in the final stages.
Cenovus CEO Alex Pourbaix dancing to the oil patch beat
Based on American insider activity, I also make an out-of-consensus call on bond yields.
Top Buys and Sells Past WeekTSX and TSXV stocks with most insider sellings in the past 7 days |
We will be releasing our Energy Top 30 later tonight, and given that Cenovus Energy (CVE) continues to have a sunny INK Edge outlook we expect it will remain near the top of the charts. The company made some waves in the oil patch last year by backing the Alberta government's plan to curtail oil production, even as some key rivals such as Suncor (Mixed; SU) knocked the plan. While we are no fans of government intervention in the oil patch, CEOs need to play the hand they are dealt. The Canadian oil patch world is more complex than ever. CEOs have to navigate around both technological and political forces which often work in conflict.
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