$TOU is a top notch company and already figured out a profitable way to send its natural gas to Asia via the US. Canadian producers generally have better and more resources and reserves than their US counterparts. The lack of take way capacities and the policy of Trudeau have both kept their valuation down. If you have a multi-year view, Canadian producers can be safer and better way to gain the exposure. The current weakness in CAD/USD exchange rate also help you get in. In the historical strong commodity environment. the CAD tends to be near parity with USD. If Canadian voters get rid of Mr. Trudeau, you may also an additional gain via currency appreciation in next several years.
Thanks for the insight Tony 🙏. I have a similar view, but currently I see bigger opportunities in Norway. But if we ever see a scenario in which Canadian producers such as $TOU drop a lot, I will probably buy my forever position xD
Don't you think its time to build Position into a big name like CNQ or TOU? They are not cheap, but I dont a see a downtrend anytime soon to buy. Maybe the time is now.
Thank You 🤙🏼
Petrobros for life my friend
$TOU is a top notch company and already figured out a profitable way to send its natural gas to Asia via the US. Canadian producers generally have better and more resources and reserves than their US counterparts. The lack of take way capacities and the policy of Trudeau have both kept their valuation down. If you have a multi-year view, Canadian producers can be safer and better way to gain the exposure. The current weakness in CAD/USD exchange rate also help you get in. In the historical strong commodity environment. the CAD tends to be near parity with USD. If Canadian voters get rid of Mr. Trudeau, you may also an additional gain via currency appreciation in next several years.
Thanks for the insight Tony 🙏. I have a similar view, but currently I see bigger opportunities in Norway. But if we ever see a scenario in which Canadian producers such as $TOU drop a lot, I will probably buy my forever position xD
Don't you think its time to build Position into a big name like CNQ or TOU? They are not cheap, but I dont a see a downtrend anytime soon to buy. Maybe the time is now.
Canada is for me very difficult (tax reasons). I see other opportunities in Colombia, but no doubt they are high quality.