Weekly Pick: Petro-Canada (TSE:PCA)
Weekly Stock Pick for Week of May 27th, 2008: Petro-Canada (TSE:PCA)
How is everyone loving the price at the pump?
For most people, it’s a dreadful feeling when your gas light comes on. You go to the pump and only fill half way, hoping the gas price will drop soon and you can fill up at that point.
Getting tired of it never coming true?
Instead of dreading the horrible gas prices, why not take advantage and buy yourself a piece of the pie, and our pick is Petro Canada.
Petro Canada is one of the best run gas companies in Canada. They have significant exploration initiatives underway around the world. Their actual stations are state-of-the-art, with partnerships with many companies such as Krispy Kreme, A&W, Tim Hortons & PC Financial.
They offer one of the best loyalty program for consumers with their “Petro Points” program.
YTD their stock is up 28%, which is higher than most oil companies despite the huge jump in the price of oil. This is due to their discoveries and their aggressive stance on increasing profitability.
Petro-Canada (TSE:PCA) is a buy
*Disclosure: Author has a long position in Petro-Canada (TSE:PCA)
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