here are my cdn. energy holding (also trade in the US) also own Devon and Cresent (Toronto)
TLM 22.87 cdn.
have 20 and 22 calls on most of the position, the calls are all in the month of June, at the time got between 1-1.50 for these options... though the 20s look like a mistake. hope can roll them out and up, so hope TLM can trade down to 21-22.
NXY 38.92 cdn.
this stock has gone on a good run (talked about it on this board at 28-32cdn. hit 41.
have 34 july calls on just over half of the positon, also got 1.50 for them.....should have waited. hopefully the stock can come back down to 36. or else made someone a great deal of money.
PCA 57.58cdn.
this stock moved from 50 to over 58 in the recent run up, wrote 56 calls, which thought were safe, looked that way when PCA was 46-48. receieved 1 for the the calls. anyways have to wait until the fall..... PCA is cheap but is my least favourite of my energy holdings....just does not perform as well.... also concern over debt.
ECA 90.40
is splittng in two companies and gave the stock a bounce from mid 80s to 94. probably made trade back down to mid 80. the split up was good in the short term for shareholders...however long term makes little sense,more on this later.
have sold some and have a small position.
have numerous puts anywhere from 62,64,66,72, expiring in the next month-4 months. good premiums on these puts.
CNQ 97.51cdn.
actually this postion is complicated as hold some however though even have some uncovered calls.... yikes... hope the stock can move down to around 96-94 in the next month or two.... great company and will look to purchase some in the high 80s.
last trade was buying it for 96.50 and selling a 96 call Aug for 7.50.
Suncor 66.60
now this has split and has done great, wish I bought large amount ten years ago, own it in a drip/spp and do not trade it, have in the past sold a few puts. that expired.
SU tracks oil, and though a great company, most times seems expensive compared to others..... though long life reserves have a value.
oil has risen sharply from 100-130....the stocks should correct and then move higher, though I thought there would be shaper corrections and nothing has happend.
long term oil and especially natural gas prices will stay strong.
by the way will watch the energy sector closely because if we entered a general market correction and if oil fell back 5-15 dollars, these stocks may fall 10-15% if not more.
this will probably be a sale, since the companies earnings and cash flow projections are for 80-100 oil, and 8-10 natural gas.
starting to build a little cash for the summer.
thanks
selkirk
TLM 22.87 cdn.
have 20 and 22 calls on most of the position, the calls are all in the month of June, at the time got between 1-1.50 for these options... though the 20s look like a mistake. hope can roll them out and up, so hope TLM can trade down to 21-22.
NXY 38.92 cdn.
this stock has gone on a good run (talked about it on this board at 28-32cdn. hit 41.
have 34 july calls on just over half of the positon, also got 1.50 for them.....should have waited. hopefully the stock can come back down to 36. or else made someone a great deal of money.
PCA 57.58cdn.
this stock moved from 50 to over 58 in the recent run up, wrote 56 calls, which thought were safe, looked that way when PCA was 46-48. receieved 1 for the the calls. anyways have to wait until the fall..... PCA is cheap but is my least favourite of my energy holdings....just does not perform as well.... also concern over debt.
ECA 90.40
is splittng in two companies and gave the stock a bounce from mid 80s to 94. probably made trade back down to mid 80. the split up was good in the short term for shareholders...however long term makes little sense,more on this later.
have sold some and have a small position.
have numerous puts anywhere from 62,64,66,72, expiring in the next month-4 months. good premiums on these puts.
CNQ 97.51cdn.
actually this postion is complicated as hold some however though even have some uncovered calls.... yikes... hope the stock can move down to around 96-94 in the next month or two.... great company and will look to purchase some in the high 80s.
last trade was buying it for 96.50 and selling a 96 call Aug for 7.50.
Suncor 66.60
now this has split and has done great, wish I bought large amount ten years ago, own it in a drip/spp and do not trade it, have in the past sold a few puts. that expired.
SU tracks oil, and though a great company, most times seems expensive compared to others..... though long life reserves have a value.
oil has risen sharply from 100-130....the stocks should correct and then move higher, though I thought there would be shaper corrections and nothing has happend.
long term oil and especially natural gas prices will stay strong.
by the way will watch the energy sector closely because if we entered a general market correction and if oil fell back 5-15 dollars, these stocks may fall 10-15% if not more.
this will probably be a sale, since the companies earnings and cash flow projections are for 80-100 oil, and 8-10 natural gas.
starting to build a little cash for the summer.
thanks
selkirk
