Oil Supply and demand should balance out in Q2 2021 though we could see a balance as soon as Q1 2021.

In the past 2 weeks, we’ve seen a rise in O&G equities, and to me, this is exciting — but seems like all too soon for my liking. I’d like to build up a bigger position first.

Frontera Energy ($FEC.TO) is one of my favorite companies since it should NOT be valued at ~280M CAD. See why here. Frontera share price rosed from a low of $2.02 on Nov 6, 2020 to $2.90 on Nov 23, 2020 – 0.88 CAD increase or 44% up in 2 weeks!

Have the Oil Bull market begun? No, I suspect the rise in O&G equities recently is led by short term investors and traders. There will be slight pull backs for us long term investors to buy in.

Be patient, buy on pull backs, and don’t chase all the way. I admit, I chase a little due to FOMO. Typically, I chase with small buys, and buy big on pull backs in this market.

Best of luck in the Energy Sector!