Memo0606 · 2024-11-26T18:11:40.071640Z

Does anyone currently have an opinion on $CNQ ?

8Mes

never heard of

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Thoranos@Thoranos

8Mes

The best oil company, sales and cash flow have steadily increased, in some cases by double digits, in recent years. Very investor-positive. Dividend never cut during Corona. Operate share buybacks. Very low breakeven. I am invested, but am waiting with additional purchases, as full pos. reached. If the oil price falls, the share will also fall. Then I would buy massively.

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Memo0606@Memo0606

8Mes

@Thoranos thank you for your detailed answer
I am considering a first purchase
I just have $OXY 😅 would regroup if necessary
or sell $MMM or $6367 and $JNJ or take $FTNT profits

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Thoranos@Thoranos

8Mes

@Memo0606 Gladly. $OXY has cut dividends during Corona, therefore a knockout criterion for me. $JNJ is growing slowly but steadily. Good luck!

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Memo0606@Memo0606

8Mes

@Thoranos thanks
what would you reallocate or where would you take profits in my portfolio for the purchase of $CNQ
and 2. what do you think of the current valuation for a first purchase?

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Thoranos@Thoranos

8Mes

@Memo0606 A great portfolio, actually. Personally, I would sell the following stocks: $OXY, Reckitt Benckiser, Fortescue, 3M. I would start by building up a small position in $CNQ. Gradually build up the position over the coming months. If you are interested in energy, I would also recommend $EOG and $PBR. But you will have a lot of fun with $CNQ in the long term because the management has shown that it is very shareholder-friendly 😀

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Memo0606@Memo0606

8Mes

@Thoranos thanks for your clear opinion
I only bought oxy because of the buffet
fortescue I am convinced because also green fantasy
reckitt I have a good entry price😅
but 3 M is also on my hit list

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Memo0606@Memo0606

8Mes

@Thoranos and can you please spell eog correctly there are several shares
and I used to have pbr on my WL but they are brutally state-owned by brazil
why are you convinced by these two?

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Thoranos@Thoranos

8Mes

@Memo0606 Buffet invests differently than we do. He finances some projects "cheaper" than a bank and gets preferential dividends later. I don't understand what he sees in $OXY. $CNQ is a better investment. Sales, cash flow, dividends have increased steadily and in some cases by double digits. Reckitt is not a good investment, no growth just like 3M.

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Thoranos@Thoranos

8Mes

@Memo0606 EOG Resources. EOG specializes in premium assets and has a lower breakeven than $OXY, $XOM etc., so they have been growing at an above-average rate and have never cut their dividend. Although $PBR has a high government share and it becomes very volatile when the government gets involved, the company is growing extremely well and is trading at a discount on the stock market due to the government's involvement. If you were to compare $PBR with $XOM, $PBR would be worth four times as much today. By the way, all three energy companies have hardly any debt, so ridiculously little that most of the cash flow goes back to the shareholders (dividends, share buybacks).

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Memo0606@Memo0606

8Mes

@Thoranos all right thanks for your assessment
I am thinking about what I will do
but $EOG looks a bit more favorable than $CNQ in terms of rating
what do you think? would you buy both?

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Memo0606@Memo0606

8Mes

@Memo0606 @Thoranos ? 😃

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