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, taking accessible public transport, or renting cars from car rental companies like car hire knock services,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)

*****

Barry Deen is President & CEO of Web Strategy Canada and one of the top affiliate marketing specialists in Canada. For information on how to make money online, checkout http://www.makemillionsathome.ca. For information on Barry Deen and his company, Web Strategy Canada, visit http://www.web-strategy.ca

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Tags: canadian oil play, oil, oil plays, petro canada, price of gas, Stocks

This entry was posted on Monday, May 26th, 2008 at 7:58 am and is filed under Stocks, Weekly Picks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.