I believe the simple answer to getting oil producers to pump more is simply adequately value their reserve base so share buybacks are less attractive relative to production growth. $CNQ$WCP$CVX
We own $CTS.TO in our Global Equity Growth Fund. With the stock cut in half ytd and a special committee announced, we want to update our views on the name. 1/n
1/ We are long $ATZ.TO - Three poor quarters in a row after 10 great ones. Looking at our thesis drivers... we've owned since 2018 and understand there are cycles of brand heat and abnormal comp growth. Always refer back to the long term drivers.
Quebec blocks western Canadian crude from being refined on the east coast so that they can instead buy over $200 million worth of sanctioned Russian oil. The hypocrisy needs to end now and this country needs to grow the f&$# up.
Possible this is the bottom in CAD/USD?
-Rate cuts will spur near term economic growth
-Conservative majority next year
-Commodities exports strong (oil, nat gas, gold)
-stock market at ATH
-tariffs probably aren't happening if border is sole concern.
1/ 2 weeks late on this but with $CHE.UN a top pick today, let me 6.5% delve.
Long story short = 6.5% div + 5% share buyback = 11% plus non-dilutive growth (4-5%) = 15-16% IRR
In its first 10 years, the Murray Wealth Group Global Equity Growth Fund delivered 14.2% annualized returns, placing in the 3rd percentile of the RBC Pooled Fund Survey.
Visit our website murraywealthgroup.com or dm me to learn more.
You can find the survey here.
