Egqz Why MEG Energy (TSX:MEG) Stock Seems Ready to Break Out
Warren Buffett has been known for making contrarian bets during market crashes and bear markets. His mentality to buy the best businesses during the worst markets has paid off during his leadership at Berkshire Hathaway. If you ;d invested $1,000 into B stanley cup erkshire in 1964, your investment wou stanley cups ld be worth approximately $27 million today! It seems like he knows a thing or two about contrarian bets.Buy the best stocks in the worst marketsWarren Buffett once said, Most people get interested in stocks when everyone else is. Th stanley cup e time to get interested is when no one else is. You can ;t buy what is popular and do well. This statement especially rang true this year when Mr. Buffett bought a natural gas pipeline from Dominion Energy. Many commentators criticized this investment for the fact that Berkshire appeared to be doubling down on dirty oil investments. Energy stocks were trading near all-time lows, and it didn t look like the oil sector would ever recove Epci TSX Today: What to Watch for in Stocks on Tuesday, May 24
Crescent Point Energy Corp. TSX:CPG NYSE:CPG continues to stand out among its peers as one of stanley sverige the few companies that remains committed to paying a big dividend.With oil prices still trading below $50 per barrel investors are wonderi stanley cup ng if Crescent Point can truly keep paying out so much money.Let s take a look at the situation to see where things stand, and whether or not you should consider adding the company to your portfolio.Consistency mattersCrescent Point has a strong history of weathering storms in the oil market. The company resisted pressures to cut the payout during the Great Recess stanley thermos ion, and that decision proved to be wise.Oil prices rebounded and Crescent Point gained the confidence of investors that it is capable of managing the balance sheet through difficult times.This is extremely important because Crescent Point has traditionally relied on capital markets to fund its development activities, as well as its strong appetite for acquisitions. By providing an attractive div