Model Oil Portfolio – As at Tuesday, August 13, 2019

August 13, 2019 Bob Weir Model Oil Portfolio, Oil & Gas

Our Portfolio of oil stocks, initiated on June 3, 2019 with a total invested value of $300,000, is focused on recovery and growth. The Energy sector has been depressed for some time, and most Energy stocks have not fared well since the Portfolio’s inception.

TODAY’S COMMENT: Henceforth, we intend to update the Portfolio using Tuesday’s closing prices. Since our last publication at the end of July, the Portfolio has lost 4.0%. Only four of the ten stocks are in positive territory. One of these is the latest addition to the Portfolio, Suncor Inc. The Energy stocks rallied today (Tuesday) on the back of positive sounds coming from the USA-China trade spat. Resolution of the tariff war between the world’s two top trading countries would probably result in a sustained rally in all commodities. Fingers crossed.

CURRENT PORTFOLIO – The current portfolio can be accessed by clicking this link: ModelOil081319

About Bob Weir 3002 Articles
Bob Weir has over 50 years of investment research and analytical experience in both the equity and fixed-income sectors, and in the commercial real estate industry. He joined eResearch in 2004 and was its President, CEO, and Managing Director, Research Services until December 2018. Prior to joining eResearch, Bob was at Dominion Bond Rating Service (DBRS).

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