Coming in outta the KOLD ... crushing natural gas

starting to look tasty

 

Already own



Up huge today.

 

Am in from the highs in futures, took few stabs at finding the highs.

 

KOLD showers again; I had a feeling we'd bounce from that $5 area.

 

Yeah, scaling in at 2day highs, out at 2day lows

 

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Good 3 day upmove/KOLD;
10 year chart of KOLD is a polar bears delight\cool

 

I like KOLD & SCO and am scaling in at 2day highs

 

I will stay short till percentage of 9 year lows or protective stop is hit near highs. First target of 1.0000 was achieved and taken 10% of position, rest is kept. On deep pullbacks, add ons placed/hedged.

 

One month returns on some energy stocks I frequently own :

BTE 30.9%, ATH 27.9%, CPG 16.7%, CVE 22.6%, ERF 27.1%, MEG 30.8%

 

Long the producers has been a far better trade. Earnings season starts now I suspect plenty of upside "surprises" especially in the pure nat gas plays. Dividend increases, share buy backs, debt reductions, earnings beats should all be in play. Whitecap got in early with a 38% dividend increase two weeks ago. Oil producers are good stories but somewhat baked into some stock prices now after a huge run up for two months. Any dividend reinstatements it'll attract new money.

Frankly Canadian energy companies have been the best kept secret in NA markets for a year running.