Wednesday, April 23, 2014

Opportunity in the TSX Energy laggards:

Did you miss the recent rebound in the TSX energy sector? The Shares S&P/TSX Capped Energy Index Fund (XEG) is a basket of 53 stocks related to the energy sector to include the oily producers, the gassy producers, the oil field service companies and the integrated producer / refiners. The oil field service companies (Energy Equipment & Services) is only 7.28% of the sector by weight – but no energy bull ran run without participation from this group as listed below

Calfrac Well Services Ltd       CFW
Canadian Energy Services     CEU
Enerflex Ltd.                            EFX
Ensign Energy Services Inc   ESI
Mullen Group Ltd.                    MTL
Pason Systems Inc                PSI
Precision Drilling Corporation PD
Savanna Energy Services      SVY
Secure Energy Services Inc.  SES
ShawCor Ltd                           SCL
Trican Well Service Ltd          TCW
Trinidad Drilling Ltd.                TDG

Note that CFW, PSI, PD, SES and TDG have just printed new 52 week highs

The chart displays two laggards in the oil field service companies group - Savanna Energy Services (SVY) and Trican Well Service Ltd (TCW) – both just rebounding up from a rising 40 week moving average – could be a low risk way to play.

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