Monday, January 18, 2010

Is it OK to buy XEG now?

A question from Muntazir who has left a new comment on your post "The Perfect Trade?":Is it ok to buy XEG now.
Thanks
Monty


Answer:I would avoid the XEG (TSX Energy) because it is currrently under-performing the XIU (TSX60 Index) - The problem here is the XEG is a bad mix of energy trusts, O&G producers, integrated and oilfield services co's. I am now only interested in the oilfield service co's so some stock picking is needed

Bill Carrigan

2 comments:

Steve said...

Hi Bill,
Any further comment on CDV.to from your Oct 8th, 2009 blog comment?

Oct 8-Jan 18, CDV is up 28.85%.

Looks like the money is still flowing into the stock.

Thanks,
Steve

Gettingtechnical.com said...

Hello Steve

I still like CDV for several reasons - the small caps are on the move, the monthly cycle is youthful and the money-flow numbers are strong on the weekly chart. A move over $4 will be a break above a 2-yr base

Bill C