The world's hunger for energy is increasing and, according to the latest estimates, "peak oil" is further in the future than previously thought.

High geopolitical risks, artificially limited supply and robust demand = (in my opinion) a structurally bullish oil outlook.

Today I would like to introduce you to 3 stocks from the "hated" 🛢️Öl and natural gas sector.

Stock 1:

Canadian Natural Resources $CNQ (+0,74 %)

📍Overview of the company:

Canadian Natural Resources is a leading Canadian energy company primarily engaged in the production and processing of crude oil and natural gas.

Its business model includes the mining of bitumen oil sands and their processing into synthetic crude oil, conventional oil and NGL production as well as major natural gas production in Western Canada and selected offshore locations.

Geostrategically, CNQ benefits from a relatively stable regulatory environment in Canada and owns long-term, long-life production assets.

Analysts value the stock at a fair value of around $54-55, which suggests a moderate upside potential of close to +15-20% from the current price of around $47, assuming commodity prices and operating conditions remain stable.

💰Dividend yield (TTM): 5.187%

📈Notes on the chart:

What I like here is that $CNQ (+0,74 %) has clearly broken the weekly downtrend to the upside.

The price is also above the volume POC, which should now form a support.

I am already invested and plan to buy on setbacks.

Share 2:

Suncor Energy $SU (+0,37 %)

📍Overview of the company:

Suncor Energy is one of Canada's largest integrated energy companies, making its money primarily from oil sands production, processing into synthetic crude oil, and downstream operations such as refineries and a large Canadian service station network.

Thanks to its strong presence in the politically stable regions of Alberta and Ontario, Suncor is considered to have a relatively secure geostrategic position, as Canada is one of the most reliable oil supply countries and oil sand reserves can be extracted over an extremely long period of time.

Risks arise primarily from North American regulation and ESG pressure, rather than from geopolitical conflicts.

Analysts currently generally see the fair value of SU shares at around C$70-75, while the price on the TSX chart is around C$62 - this results in a moderate expected upside potential in the low double-digit percentage range, depending on oil prices and operating performance.

💰Dividend yield (TTM): 3.816%

📈Notes on the chart:

$SU (+0,37 %) had a long sideways phase in which the price first consolidated at the ~C$47.2 resistance and for the entire past year at around ~C$55.

Now it looks as if the price has broken out of this range to the upside.

The next price target is the ATH from May 2008 (~C$73).

Here, too, I am already invested and continue to buy.

Share 3:

Aker BP ASA $AKRBP (+0,56 %)

📍Overview of the company:

Aker BP ASA is one of the largest independent oil and gas producers in Norway and makes its money mainly through the production of crude oil and natural gas on the Norwegian Continental Shelf.

The company operates several large fields such as Johan Sverdrup, Skarv, Valhall and Alvheim and is characterized by low production costs and high operational efficiency.

Geostrategically, Aker BP is considered very secure, as Norway is politically stable, has reliable regulation and the North Sea assets are not dependent on conflict zones - a clear advantage over many global producers.

Analysts are largely positive on Aker BP; consensus estimates see a fair value slightly above the current price level, supported by robust cash flows, high dividends and expected production increases.

Overall, Aker BP is seen as a high-quality, geostrategically stable oil stock whose valuation depends primarily on the long-term oil price.

💰Dividend yield (TTM): 10.05%

📈Notes on the chart:

Aker BP has successfully broken out of the downtrend since 2022 and is currently consolidating just above the long-term volume POC.

I am invested and will continue to buy if possible.

💬 Closing words

As of today, I am invested in the energy sector with 8.2% of my portfolio.

In addition to the stocks presented, I am also invested in $CVX (-1,46 %) , $EQNR (+0,53 %) , $OXY (-2,17 %) , $TTE (-1,37 %)

Do you have an "insider tip" from the energy sector that you would like to share? 🤔

In order to expand my share of the energy sector in Europe, I made my first purchase today. $TTE (-1,37 %) bought today.

This means that the share of the energy sector in my portfolio is now just under 7%.

The last purchases were:

$SU (+0,37 %)

$CNQ (+0,74 %)

$EQNR (+0,53 %)

$AKRBP (+0,56 %)

I would like to start a completely new portfolio that will primarily revolve around dividends.

As a core I was thinking of $TDIV (-0,83 %)

Would you say this is a good core?

If not I would add $VHYL (-0,98 %) add.

Additionally I would like to have a CC ETF as a kind of support, probably $JEGP (-0,21 %) and or $SXYD (-0,26 %)

I would like to represent the NASDAQ with $EQQQ (-0,61 %) but I will represent it with $ASML (+1,36 %) and $2330 will be added.

Allianz $ALV (-1,66 %) and Munich Re $MUV2 (-1,17 %) I definitely want to include, but they are too expensive for me financially, so I was thinking of the $EXH5 (-1,45 %)

Oil shares are represented by $VAR (-3,53 %) and one more.

Do you have any recommendations?

I am thinking about $CVX (-1,46 %)
$EQNR (+0,53 %) and $PETR4 (-2,79 %)

I would also like renewable energies, but I'm not familiar with them.

Do you have any suggestions?

Becoming a defensive company $ULVR (-0,49 %)
$D05 (-0,67 %)
$O (+0,37 %) and of course $NOVO B (-0,12 %) Being.

$BATS (+1,45 %) I already have in a portfolio, would it be too much of a lump to add $MO (+0,66 %) to add to it?

I still have $KHC (-1,07 %) on the watchlist but the split is not going so well, would it be wise to start with a savings plan?

Apart from that $RIO (+0,17 %)
$NKE (-1,76 %)
$1211 (-0,9 %)
$SOFI (-3,08 %) and $HAUTO (+0,27 %) will be represented with smaller positions.

What is your opinion?

Would you improve anything?

What else would you add, especially in EE and defensive stocks?

Feedback is very important to me here, so far I have just been wandering aimlessly around the stock market without a fixed plan and strategy.

This is my first attempt to build something serious.

Greetings to all Getquins out there!

Hi folks,

today, after much deliberation $ASML (+1,36 %) (10 pcs.) and $EQNR (+0,53 %) (200 pcs.) today.

I am convinced (and hope) that ASML will soon be back at €800.

With Equinor, I intend to invest the dividend payout in the same shares and achieve an accumulation effect. Whether and for how long I go through with it, I see as a self-test:)

Please let me know your opinions on my new purchases!

$EQNR (+0,53 %)

Here is the promised article on the refund of withholding tax on Norwegian shares. The first part deals with the preparations and the registration with the Norwegian tax authorities, the second part contains the completion of the online form.

As a placeholder times $EQNR (+0,53 %) , $HAUTO (+0,27 %) , $VAR (-3,53 %) , $MPCC (+2,44 %) , $TEL (-0,69 %) , $AKRBP (+0,56 %) , $TOM (-2,82 %) exemplary.

Edit: This only applies to tax residents in Germany. Please enquire in Switzerland, Austria or elsewhere in Europe about the regulations that apply there. Many thanks to @GeldGenie who has created a corresponding article for Switzerland, which I am linking here: Quellentsteuer Schweiz

Norway has strong companies with some extremely attractive dividend payouts. However, some people are not aware that these dividends are subject to Norwegian withholding tax without any offsetting. This means that in addition to the 25% Norwegian withholding tax, the custodian bank also pays the capital gains tax plus solidarity surcharge and, if applicable, church tax, which means that less than half of the dividend is credited.

Don't worry, the money is not gone, it just belongs to someone else for the time being. Norway refunds 10% withholding tax on application. This can be done easily and online and can also be done retroactively for several years, for a maximum of 5 years. You can get the remaining 15% from the German tax authorities via your income tax return. A few more tips at the end.

First collect all dividend vouchers showing the withholding tax deduction. Most companies pay out quarterly, so there should be 4 receipts per calendar year. You will need these in pdf format. If you are applying for a refund for several years and have more than one share in your portfolio, here is an important note: You can submit a maximum of 10 PDFs of 50 MB each attached. I will then combine the individual receipts per share into one PDF.

Apply for the tax residence certificate at your local tax office. You can find the form at: https://www.formulare-bfinv.de/ffw

Enter form 034450 in the search. You can fill out the form in your browser and then save it as a PDF and print it out. Important! Send it signed in duplicate to the office. A short cover letter with the subject "Application for a tax residence certificate for the purpose of reimbursement of overpaid withholding tax in Norway" and a short two-liner are helpful. I usually receive a confirmation copy back after 1 to max. 2 weeks. Scan and save as PDF.

Then you can already register in Norway. Under the following link Bei Altinn anmelden you can create a new user. The site is only available in the national language or in English. I use English and have activated the automatic website translation via Google, then it even works in German ;-) For the first registration, logically create a new user. Username, email, password and the security question and continue.

When you receive confirmation that a new account has been created for you, click on done and that's it with the preparations.

You will receive a 10% withholding tax refund via this process. More is not possible, even if it is described differently in various forums. You can tick the maximum refund in the form, but an error message always appears before you submit the form. So simply get 10% tax back quickly and easily and then the rest via the German tax office. If you have submitted the application in Norway quite early in the year, the refund amount should be certified by the submission deadline in Germany. Otherwise, simply take the difference (25% - 10% potential refund = 15% withholding tax on your total dividends) and enter this amount, or add it to any other amounts applied for. In the first step, tax declarations are made paperless anyway, so you can relax and have the receipt from Norway until any queries arise. However, I see difficulties with the German FA recognizing this retroactively. I therefore handle it a little more elaborately and actually have the withholding tax refunded annually and the rest via the income tax return at the same time.

If you have never done the refund in Norway before, then at least get the 10% back for the last few years and the 15% for 2024 via the KAP annex. Depending on the amount, you decide which way you want to go.

If you have any questions, please leave them in the comments and I will try to answer them as soon as possible.

Part 2 will follow in a few days with details on the form and further tips.

40 shares and so the position is full for the time being.

You can also make small purchases if you don't have that much money available but if the price is still good for it

Will then continue to build steadily

⬆️⬆️⬆️

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⬇️⬇️⬇️

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