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        Hi I am Ted Dixon with
        your INK Morning Report
Preview
        for October 12th.
        Energy is the best
performing sector
        over the past year,
        with the S&P/TSX Capped
Energy Index
        more than doubling.
        On Friday, Jared Dillian
        suggested on
        the Real Vision Daily
Briefing which is
        available free on INK
Ultra Money
        that he was seeing signs
of
        euphoria among energy
investors.
        The excitement has him
concerned that
        we could be in the
vicinity
        of a near-term top even
though he
        is bullish on the sector
        over the next few years.
        While we would not rule
out
        a pullback at some point,
        the question is from what
level?
        Our Energy sector insider
indicator
        right now is falling.
        That means there are fewer
stocks with
        key insider buying
compared to
        the number with selling
        then there were a month
ago.
        However, it is normal to
see insider buying
        start to cool off as share
prices heat up.
        Eventually, insiders could
turn
        the cold shoulder to the
sector but we are
        not there yet as that
would be signaled
        by the indicator
flattening
        out at lower levels.
        In our view, Energy
        sector price momentum
could have legs,
        at least in a stock like
        Whitecap Resources where
we
        saw an insider buying
Friday
        even as the stock made a
52-week high.
        Notably, despite the stock
        up more than 50% this
year,
        there has not been one
        insider public market sale
        so far in 2021.
        Although a pullback in oil
prices could
        potentially send the stock
sliding,
        the company has been
positioning
        itself for a tougher
commodity environment.
        Whitecap has been shedding
debt,
        most recently via
        a royalty sale to Topaz
Energy.
        That along with an
ambitious strategy
        to reduce carbon emissions
        intensity could help
        the stock during tough
times
        as investors become more
discerning
        among oil & gas stocks in
        terms of climate
strategies.
        Well thanks for stopping
        by and click on the notify
button
        under this video on INK
Ultra Money
        to be notified when we
have
        our next preview
available.
        You can also follow
        us on Twitter
@inkresearch.
        That is all for today
        and I hope to see you
again
        tomorrow as we let the
insiders
        guide us to opportunity
this fall.
        This is not a
recommendation
        to buy or sell securities
and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.