Canadian smallcap oil stocks may win if Ukraine war erupts, Damas says

"War in the Ukraine? Buy Canadian small-cap oils," BCMI newsletter editor Chris Damas asserts, believing they could benefit from the sort of spike in oil prices that's happening today.

Specifically, Damas advises investors to take a look at Longview Oil (LGVWF -1.5%), Surge Energy (ZPTAF -1%) and Crew Energy (CWEGF +3.2%); he says they're inexpensive relative to current commodity prices and should do particularly well as geopolitical risks cause oil prices to remain elevated or spike higher.

Comments (2)
  • Mike Mustafoglu
    , contributor
    Comment (1) | Send Message
    There is negligible chance of a war over Crimea. The Ukranian army is no match for the Russian military and the West has no stomach for a world war. Short oil, long stocks.
    3 Mar 2014, 12:08 PM Reply Like
  • Chris Damas
    , contributor
    Comments (1755) | Send Message
    We don't need a war - elevated risks only. WTI now linked to Brent more closely.
    Canadian local oil discount to WTI narrowed dramatically over the past six weeks from minus $16 to $8.50 US.


    Crew Energy new high today.
    4 Mar 2014, 12:30 PM Reply Like
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