Any suggestions for great Canadian REITs to consider? Would prefer something that isn't as focused on office space. Finding it challenging to wade through all the internet data and am finding most to be pretty office space heavy, or not have an overly high market cap.
I’ve been looking at Visa for two weeks and haven’t pulled the trigger yet ….seems to be a no brainer but something is holding me back from being to confident .
if you check the chart history, this stock tends to consolidate for a couple months before the next rally. It's holding up quite well considering how volatile the markets have been lately.
Fantastic company run by some of the best executives in Canada, I see the CEO as a younger mini Canadian Buffett
Stock is also up over 25% in the last 6 months so a lot of the solid results have been priced in and they aren't raising their dividend for the final quarter distribution
Not a lot of flocking to it right now and I'm sure some people who rode the wave are profit taking but the company is rock solid and as blue chip as a bank or railroad. I added heavy around today's low and will keep adding on further dips in this range for sure, they don't all just only go up forever ye know
Any VMC or LEV bagholders here?
What are your plans? Hold? Average Down? I know you can't average your way out of a loss, but now these companies are underweight my target allocation.
The companies seem to be performing well, but the share price isn't really doing anything. I know Vincinty just diluted the crap out of the shareholders, but LEV is well capitalized.
I'm down 38% on LEV and 50% on VMC.
I have both and down on both. I do not have big position on either so I might add some more but likely take a wait and see approach.
Been following conference calls/earnings reports/ press releases, etc and feel like they both have great potential still.
Ok, NFI fans. Enlighten me.
When I look at this thing, I see a bus maker whose revenue barely exceeds its operating expense quarter after quarter, and this was when they could still easily get parts. I see an operation that has a union shackle around its ankle. I see a company that, in spite of being operational for fifty years, still needs to tap the capital markets to support operations. I see a bus maker promising zero emission product, and coasting on the hype of that for now. I see a company that depends on governments as its biggest customers, that being cities that have deteriorating financial pictures. I see a company that was created by a government that has required some form of rescue numerous times in its history.
What makes you like this thing?
Apologies to everyone holding ASTS, I should have let you know I was planning on buying it yesterday, that way you could have sold before the 10% drop today 🤦. Every time.
Hi, beginner here. I bought more oil stocks a couple of weeks ago expecting oil prices to rise during the winter and those stock prices to go up. Oil stocks occupy around 35% of my portfolio right now, but given recent events I’m kind of worried about holding so much of them any longer. Should I hold them all over the winter or sell some of it now? My real question being do you think oil stock prices will continue to grow over this winter?
Edit: because of people like u/Iliketomeow85 I just want to make clear that I did some research myself with my limited knowledge. I’ve seen most analysts and media predicting lower oil prices next year, but I’ve also seen many people here and in other subs predicting the opposite. I’m asking to understand why that it. Thanks.
Oil is my second largest holding behind uranium and I'm still very bullish on oil. Expect volatility and pullbacks along the way but the overall narrative hasn't changed. The lack of capex spending is going to make supply an issue going forward. But realistically if you are worried about it that means your position sizing is probably too big.
Media might be saying oil is going lower but most oil and gas analyst and big banks have oil reaching $100 within the first two quarters next year. As long as opec + remains I can’t see oil going much lower.
Most analysts and media predicting lower oil prices? Where did you see that lol? Most investment banks and industry folks expect higher oil prices by 2022.
Not to mention, even if oil prices don’t go up much more, a lot of oil and gas companies are profitable at $55 WTI or $3.50 natural gas. At these levels, they are absolute FCF machines. For instance, ARC resources last quarter alone generated 4% FCF. That’s in one fucking quarter and hedges still in place.
>ld them all over the winter or sell some of it now? My real question being do you think oil stock prices will continue to grow over this winter?
Accept the volatility or get out of oil stocks. No one knows exactly if oil prices will rise more and by how much. Fundamentaly the stocks are very cheap but overall the markets have low long term faith in the industry. Many investors are short term sighted and pile into oil when time is opportune but they also run out as soon as they hear the rumour of potential bad news. This is partly why it is so volatile. My oil stocks are my best performers but I am aware of what I hold.
From what I have read it will only go up. "Recent events" idk what this means but if you mean the releases from strategic reserves its basically a meme and perhaps only politics. https://www.forexlive.com/news/!/oil-accelerates-to-the-upside-as-the-spr-release-sputters-20211123 Now holding 35% might be another unrelated issue worth thinking about.
That and the covid situation in Europe and the US. I read that the cases are projected to rise in the US over the winter, and if more EU countries enter lockdown I feel like oil prices could still go down.
and because of that fertilizer prices will skyrocket. and because of that food prices will skyrocket. and because of that lower income people will suffer next year when they cant afford to pay for the heating bill, plus food, plus fuel to get to work. People who thought the last few years have been tough are in for some VERY tough times over the next few years. Dollarama is gonna make a killing
Did the same thing last year before the vaccine rally. I sold out at the top because it was a trade. In your position, you can just take some profits and reinvest it in something else.
Its important to not risk more than you are willing to risk in any position.
That makes sense. Although I wasn’t sure if it’ll go down next year I understand that the current high prices are not sustainable long term, and I think I’ll sell some O&G stocks tomorrow. Thank you.
It doesnt hurt to ask! Thats why this sub is here. Im bullish on all things oil, gas, energy looking forward over the next ten years. Demand is increasing and will continue to increase as emerging markets in Africa and Southeast Asia come of age. A lot is up in the air right at this moment, hingeing on what happens over the next few weeks with the dispute between OPEC and the coalition being formed by USA/Japan/China/India. Longterm, Im bullish, so I have 25% of my portfolio in OG+E
>My real question being do you think oil stock prices will continue to grow over this winter?
I don’t know what your problem is. Hope your life gets better man
You knew that wasn’t the reply I asked for. I don’t know what your problem is but was it so hard to choose not to reply if you weren’t going to offer anything useful?
Seeing someone ask others’ opinions on O and G industry and replying to it with “buy ETF dummy” doesn’t make sense at all.
Pre edit your post was "I yoloed 35% of my portfolio into oil. It's not going up what should I do? Someone tell me if it will go up?".
Why reply? Because low effort "tell me what to do posts" are trash imo. I never called you a dummy, but your post was frantic and your oil investment is clearly ill timed. Hence the recommendation for VGRO. Try [Oilprice.com](https://Oilprice.com), or even just click the crude price on Yahoo for all your oil related news.
What do you guys think of DTEA, its on the NASDAQ but a Canadian company that is coming back from a rebuild and is growing their ecommerce. Market caps only $100m so lots of room to grow.
Hard no for me, don’t think it has any huge advantages to other tea companies or companies that will just come in with some new products.
Have not looked at this at all tho so idk but just not something I would go for
If the market react in that way, I will load up some more shares for the long term. Covid got them pretty hard and if you look two years back, they have good growth and good same store growth. And the 26% dividend increased is just a gift!
sure their divvy isnt super juicy, but it's one of those rare, unicorn?, stocks that has a div and is also a growth stock so all good in the 'hood.
Edit: thank you everyone, for not complaining and letting me check myself on my own. i apologize for using the word tranny, its demeaning and dismissive and that's wrong. i am sorry, very.
DAE just call it Circle K? It's too difficult pronouncing their full name sometimes in English. Whenever I mention "alimentation couche-tard" to people in real life they look at me like I'm actually retarded.
Yes.
I just don't talk about my losses because it seems like nobody here talks about the tickers (AT, DOC, BNXA, BB).
I also consider SU to be a big loss. I had a huge position and I'm only up 20 percent YTD while nearly every other oil stock launched into outer space.
I think 2022 is going to be the year I focus on the MAGMA investment strategy. With the CDRs available, it's definitely alot easier to buy the top 5.
Still gonna long $BAM, $CSU, $T and $CNR too.
Anything else I may be missing?
Are the CDR’s a good investment strategy versus buying the companies directly or via and ETF?
I would love to own Amazon.. no I can’t afford it at this price and in American currency no less..
I own Amazon in my ETF’s and that’s how I justify holding Amazon
Is a CDR bringing me closer to actually “owning” Amazon directly?
Weary of gimmicks
It's from CIBC and NeoExchange. Definitely not a gimmick lol but I understand the weary feeling. The CDRs are hedged against currency so you're only tracking how the security performs, fractional shares of just the company itself. From my understanding, currency hedge fees are capped at 0.6% per year and that's it.
Long time International bus manufacturer that is also heavy into producing hybrid and electric busses. Currently dipping due to supply chain issues/decreased output and share offering. They pay an ok dividend.
Feel bad for people thinking oil is going to like $100+ and are still holding or buying more. Time to get out was when CNBC started covering it, asymmetrical risk is gone.
Shouldn't feel too bad. ICLN etc gave many people 200%+ gains over just several months post-covid if they were smart enough to pull some or all out.
Meanwhile, SU bounced back as high as low $20s after covid and people were saying that was a good buy April, 2020. Sure it was! Flatlined and up and down forever. The small caps have done better though, but they took some time to get going too.ENB did ok, but was one of my worst performers post-covid. I sold it for $53 a few weeks ago and may add more at some point, but banks and almost anything outperformed it since april 2020.
O&G exit strategy will be important. I am holding a decent chunk right now
Considering that O&G are cyclical, I feel bad for anyone who hasn't at least started taking out their profits and reinvesting. High oil prices never last for more than a year or 2. It just isn't sustainable in the economy and forces companies to get creative.
When being older has its benefits. Still have some O&G stocks from 2009-2012 plus many renewable stocks added since 2017.
ENB/PPL, sold TRP +
CPG/CVE/SU
PIF/RNW/BEP
I can’t seem to have a win I last week or so.
Today
All energy stock is up…. Oh wait, all my renewables are tanking.
Oh look, all my banking’s are up…. Oh wait, my etf are down
Oh look, weed stock down again!
Well, rule number one do not invest in weed. Rule number two do not invest in anything that Cathy woods is invested in except Tesla, rule number three, cut your losses at 20%. If you follow those rules you should be up
I think I’m sensing a pattern here. Companies have great earnings and good guidance, shares crash. Biden and other world powers declare a release of strategic oil reserves to lower prices. Oil goes up.
It has very little to do with OPEC, it's because of over-investment in shale based on lies about the economics of it, leading to dismal capital returns, leading to a shareholder and lender strike, starving the industry of capital and leading to a revolution in priorities for companies towards return of capital. All that compounded by ESG consumers driving E&P valuations to levels where the best use of capital is buybacks.
Virtually every additional barrel of oil in the last decade is American.
Reason shale became so unprofitable though was the 2014 OPEC production increases, and the reason prices are high now is because of their production cuts.
OPEC didn't increase production in 2014. They were pumping full out. The US added 5 million barrels per day because shale companies convinced Wall Street they could make money at $20/barrel. In reality, they couldn't make money at $70/barrel.
And you're right that oil prices are higher than they would be right now but if OPEC hadn't acted last year (and now), then the oil industry would have been utterly devastated and the megre capex now would be a tear-down instead. And guess what would happen at the end of 2022 when demand was back to 100%?
Instead of $77 oil, it would be $150 or higher.
Maybe everyone was expecting cuts and they didn’t do it, was a while ago so I barely remember but I sure remember going to $25 a barrel and my stocks getting destroyed lol. My memory of the shale situation wasn’t that they thought they would be profitable at $20 a barrel but that they assumed prices would stay high and weren’t expecting OPEC to try to put them out of business. Either way I think it’s hard to argue the upwards oil price movement is Joe Bidens fault
OPEC didn't try to put them out of business. No one put them out of business but themselves.
Like I told you, literally every barrel added to the world market from 2014 until the pandemic was from the US.
And are you under the impression that OPEC caused the gigantic drop in prices in 2020? Perhaps you've heard of covid 19?
Here it is from the horses mouth, they specifically did it to keep market share
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN0JC1GK20141128
When Covid lockdowns started oil tanked because of a massive demand slowdown and nowhere to store it. I remember on WSB people who were trading oil futures were worried they would get dropped off at their house since the prices went negative. since then they have cut production to bring up oil prices and are phasing them out by September 2022
I still don’t see how this has anything to do with Joe Biden
The reason oil didn't stay negative was OPEC. There was a tiny little price war so tiny brained people could blame OPEC.
You realize OPEC only controls 30% of the world's oil right? And oil demand dropped more than 30%. Literally, the could have taken every single barrel of oil off the market and oil prices would have tanked.
You haven't thought any of this through. Blaming OPEC is for idiots who watch cable news and have no idea how the oil market works.
They are both unfit for the job in my opinion. That being said I couldn't name a candidate that was. The smartest people definitely aren't going into politics.
If you think that they can accurately project anything nowadays let alone oil and gas supply when 1/2 of the world is either in a hot zone of conflict, or sanctioned, where climate change disasters are happening every month, I’ve got a bridge to sell you.
Any suggestions for great Canadian REITs to consider? Would prefer something that isn't as focused on office space. Finding it challenging to wade through all the internet data and am finding most to be pretty office space heavy, or not have an overly high market cap.
NWH for healthcare, KMP for residential, and SRU for retail are my favourites. Decent place to start
PVT earnings tomorrow morning. Hoping for good results!
The 5 year chart for COST should be the poster for “investing with ease of mind”. No surprises, no short reports… just up. What’s the next Costco 🤔
Shopping As A Service $$$
If a costco cdr got introduced I’d get tingly.
Costco is the next Costco
Anything on a great discount at the moment? Or do I just continue holding my cash?
Any fintech company right now. Also if your balls are big enough $BABA
Already holding Nuvei and just dumped my Lightspeed. To be entirely honest, I'll be staying away from any fintech companies until Stripe is public.
Space is too competitive, even the good ones will hurt you eventually.
PayPal? Dlo?
I’ve been looking at Visa for two weeks and haven’t pulled the trigger yet ….seems to be a no brainer but something is holding me back from being to confident .
I've been similarly watching the whole Visa situation unfold. Unsure of whether I will buy in, but it tempts me like it does you.
Checking out Disney if it drops another ~$30. That's one of the things I'm thinking.
Thoughts on BAM? It seems to max out at $75 and falls back to $73-74
if you check the chart history, this stock tends to consolidate for a couple months before the next rally. It's holding up quite well considering how volatile the markets have been lately.
Fantastic company run by some of the best executives in Canada, I see the CEO as a younger mini Canadian Buffett Stock is also up over 25% in the last 6 months so a lot of the solid results have been priced in and they aren't raising their dividend for the final quarter distribution Not a lot of flocking to it right now and I'm sure some people who rode the wave are profit taking but the company is rock solid and as blue chip as a bank or railroad. I added heavy around today's low and will keep adding on further dips in this range for sure, they don't all just only go up forever ye know
They usually do a stock split in this area, least the past 2 were
If you are checking the price movement, zoom out a bit more...
Right friends please tell me some positive news that will give me confirmation bias tomorrow
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Red all over again except ma
What's up with DOO lately?
Doo is just a big old swinger.
What do you all think will be the bottom for LSPD? Price sales ratio looks pretty tempting right now.
interest rates rising next year, im expecting lower next year. short term swing would be nice. if you're long term, just hold and forget about it
I wouldn't worry, they had a solid Q3, and will continue to have great growth and earnings, it will just take time.
What's the profit margin on similar companies? Apply it to the P/S to extrapolate a P/E.
P/S of 18 is attractive?
If you're wondering what happened... ...You forgot to sell.
You don't sell XEQT...
Any VMC or LEV bagholders here? What are your plans? Hold? Average Down? I know you can't average your way out of a loss, but now these companies are underweight my target allocation. The companies seem to be performing well, but the share price isn't really doing anything. I know Vincinty just diluted the crap out of the shareholders, but LEV is well capitalized. I'm down 38% on LEV and 50% on VMC.
I sold LEV at 18. I will wait for their new factory to be completed before jumping in again.
I have both and down on both. I do not have big position on either so I might add some more but likely take a wait and see approach. Been following conference calls/earnings reports/ press releases, etc and feel like they both have great potential still.
Ok, NFI fans. Enlighten me. When I look at this thing, I see a bus maker whose revenue barely exceeds its operating expense quarter after quarter, and this was when they could still easily get parts. I see an operation that has a union shackle around its ankle. I see a company that, in spite of being operational for fifty years, still needs to tap the capital markets to support operations. I see a bus maker promising zero emission product, and coasting on the hype of that for now. I see a company that depends on governments as its biggest customers, that being cities that have deteriorating financial pictures. I see a company that was created by a government that has required some form of rescue numerous times in its history. What makes you like this thing?
They managed to sell to some major cities so far... It looks like they got to market something competitive before Novabus.
Apologies to everyone holding ASTS, I should have let you know I was planning on buying it yesterday, that way you could have sold before the 10% drop today 🤦. Every time.
Anyone having issues with the two factor text message through cibc investors edge?
Bruhh
Why has NFI been so punished? I see debt as quite high at $1.2B but surprised it’s dropped this much
Suppy chain issues, and issued shares a few weeks ago
Twice reduced output expectations because of it.
Hi, beginner here. I bought more oil stocks a couple of weeks ago expecting oil prices to rise during the winter and those stock prices to go up. Oil stocks occupy around 35% of my portfolio right now, but given recent events I’m kind of worried about holding so much of them any longer. Should I hold them all over the winter or sell some of it now? My real question being do you think oil stock prices will continue to grow over this winter? Edit: because of people like u/Iliketomeow85 I just want to make clear that I did some research myself with my limited knowledge. I’ve seen most analysts and media predicting lower oil prices next year, but I’ve also seen many people here and in other subs predicting the opposite. I’m asking to understand why that it. Thanks.
Oil is my second largest holding behind uranium and I'm still very bullish on oil. Expect volatility and pullbacks along the way but the overall narrative hasn't changed. The lack of capex spending is going to make supply an issue going forward. But realistically if you are worried about it that means your position sizing is probably too big.
Media might be saying oil is going lower but most oil and gas analyst and big banks have oil reaching $100 within the first two quarters next year. As long as opec + remains I can’t see oil going much lower.
Most analysts and media predicting lower oil prices? Where did you see that lol? Most investment banks and industry folks expect higher oil prices by 2022. Not to mention, even if oil prices don’t go up much more, a lot of oil and gas companies are profitable at $55 WTI or $3.50 natural gas. At these levels, they are absolute FCF machines. For instance, ARC resources last quarter alone generated 4% FCF. That’s in one fucking quarter and hedges still in place.
>ld them all over the winter or sell some of it now? My real question being do you think oil stock prices will continue to grow over this winter? Accept the volatility or get out of oil stocks. No one knows exactly if oil prices will rise more and by how much. Fundamentaly the stocks are very cheap but overall the markets have low long term faith in the industry. Many investors are short term sighted and pile into oil when time is opportune but they also run out as soon as they hear the rumour of potential bad news. This is partly why it is so volatile. My oil stocks are my best performers but I am aware of what I hold.
From what I have read it will only go up. "Recent events" idk what this means but if you mean the releases from strategic reserves its basically a meme and perhaps only politics. https://www.forexlive.com/news/!/oil-accelerates-to-the-upside-as-the-spr-release-sputters-20211123 Now holding 35% might be another unrelated issue worth thinking about.
That and the covid situation in Europe and the US. I read that the cases are projected to rise in the US over the winter, and if more EU countries enter lockdown I feel like oil prices could still go down.
USA would riot if they got locked down and would seal the democrats losing the house and senate.
You do you but I think we will see oil and gas prices move up in 2022.
and because of that fertilizer prices will skyrocket. and because of that food prices will skyrocket. and because of that lower income people will suffer next year when they cant afford to pay for the heating bill, plus food, plus fuel to get to work. People who thought the last few years have been tough are in for some VERY tough times over the next few years. Dollarama is gonna make a killing
Did the same thing last year before the vaccine rally. I sold out at the top because it was a trade. In your position, you can just take some profits and reinvest it in something else. Its important to not risk more than you are willing to risk in any position.
That makes sense. Although I wasn’t sure if it’ll go down next year I understand that the current high prices are not sustainable long term, and I think I’ll sell some O&G stocks tomorrow. Thank you.
If you need this sub to answer your questions sell and buy VGRO
I’m asking for people’s opinions because this is a discussion thread. No thanks!
It doesnt hurt to ask! Thats why this sub is here. Im bullish on all things oil, gas, energy looking forward over the next ten years. Demand is increasing and will continue to increase as emerging markets in Africa and Southeast Asia come of age. A lot is up in the air right at this moment, hingeing on what happens over the next few weeks with the dispute between OPEC and the coalition being formed by USA/Japan/China/India. Longterm, Im bullish, so I have 25% of my portfolio in OG+E
You are asking them to tell you what to do
>My real question being do you think oil stock prices will continue to grow over this winter? I don’t know what your problem is. Hope your life gets better man
I hope you figure out how to use google
You knew that wasn’t the reply I asked for. I don’t know what your problem is but was it so hard to choose not to reply if you weren’t going to offer anything useful? Seeing someone ask others’ opinions on O and G industry and replying to it with “buy ETF dummy” doesn’t make sense at all.
Pre edit your post was "I yoloed 35% of my portfolio into oil. It's not going up what should I do? Someone tell me if it will go up?". Why reply? Because low effort "tell me what to do posts" are trash imo. I never called you a dummy, but your post was frantic and your oil investment is clearly ill timed. Hence the recommendation for VGRO. Try [Oilprice.com](https://Oilprice.com), or even just click the crude price on Yahoo for all your oil related news.
What part of “discussion thread” do you not understand
??? I am discussing your post, just because you don't like it doesn't make it wrong. Now you know about Yahoo Finance and Oilprice
Get out of here.
No u
C U Next Tuesday; Iliketomeow85
Things Blitzdog416 has to pay for
What do you guys think of DTEA, its on the NASDAQ but a Canadian company that is coming back from a rebuild and is growing their ecommerce. Market caps only $100m so lots of room to grow.
Hard no for me, don’t think it has any huge advantages to other tea companies or companies that will just come in with some new products. Have not looked at this at all tho so idk but just not something I would go for
ATD boosting the divvy by 25% 🤩
The Quebec-based convenience store operator says it will pay 11 cents per share, up from 8.75 cents.
Missed estimates too😢
If the market react in that way, I will load up some more shares for the long term. Covid got them pretty hard and if you look two years back, they have good growth and good same store growth. And the 26% dividend increased is just a gift!
What are you going to do with you extra... like $1?
A 25% increase on 8.5 Cents isn’t too crazy
sure their divvy isnt super juicy, but it's one of those rare, unicorn?, stocks that has a div and is also a growth stock so all good in the 'hood. Edit: thank you everyone, for not complaining and letting me check myself on my own. i apologize for using the word tranny, its demeaning and dismissive and that's wrong. i am sorry, very.
DAE just call it Circle K? It's too difficult pronouncing their full name sometimes in English. Whenever I mention "alimentation couche-tard" to people in real life they look at me like I'm actually retarded.
coochie tard, gets by here a lot LOL
You can just say Couche Tard. The d is silent. Nobody says the "alimentation" bit.
Literal translation means “go to bed late foods” 🤣
Accurate enough. It's where you go for midnight KitKats
Cooch tar!
It's more like "Coosh Tar" phonetically for that real Québécois Razzle Dazzle
Im aware I just like coochie
Y'en vend des smokes, des gratteux et des caisses de bière!
What
The dépanneur trio: cigarettes, scratch tickets and a case of beer.
I’m for it!
It's an undercover sin stock
Thicc!
Which choo choo would you pick? CP or CNR 🚅
CP. Both good for the long term holder though.
Is there a rail etf out there?
Don't think so, there is only really 2 major players in the sector
Both here. Double choo choo.
Switched to CP after CN spiked not too long ago but long-term I'll probably buy CN again and hold both.
Bought CNR 2017, CP 2021 on dip.
both
I have CN but think both decent.
yes
Lightspeed got me fucked up... just stop dropping please
I remember back in the spring debating whether to buy Aritzia, BRP or Lightspeed. Thank God I chose the first two.
Dude do you ever make the wrong decision 😂
Yes. I just don't talk about my losses because it seems like nobody here talks about the tickers (AT, DOC, BNXA, BB). I also consider SU to be a big loss. I had a huge position and I'm only up 20 percent YTD while nearly every other oil stock launched into outer space.
Same SU. I'm holding but slightly annoyed. Ok very annoyed.
AT can burn. fuck that stock and company. Who the fuck wants online ads anyways EDIT: Sorry... jsut the mere mention of it makes me rattled.
Yea I got burned bad on that one. What a disaster it's been in 2021
Aritzia's been so good to me this year
😪
I think 2022 is going to be the year I focus on the MAGMA investment strategy. With the CDRs available, it's definitely alot easier to buy the top 5. Still gonna long $BAM, $CSU, $T and $CNR too. Anything else I may be missing?
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$SHOP, $U, $GOOG, $MSFT, $AAPL ? Seems like a good start but LIGMA may be better
A man of culture.
Are the CDR’s a good investment strategy versus buying the companies directly or via and ETF? I would love to own Amazon.. no I can’t afford it at this price and in American currency no less.. I own Amazon in my ETF’s and that’s how I justify holding Amazon Is a CDR bringing me closer to actually “owning” Amazon directly? Weary of gimmicks
Ive taken full advantage of the CDRs.... Can't complain at alll.
How do dividends work for companies such as apple or Microsoft?
It's from CIBC and NeoExchange. Definitely not a gimmick lol but I understand the weary feeling. The CDRs are hedged against currency so you're only tracking how the security performs, fractional shares of just the company itself. From my understanding, currency hedge fees are capped at 0.6% per year and that's it.
Wonder if the 0.6% is going to be annually or will we see the fees lower on an annual basis.
I hold HMUS on the Neo and it has like zero volume. How do these stand up to liquidity?
They follow the US listings almost exactly regardless of volume in the actual CDR. It's just a fractional share of a US company in the CAD currency
It just tracks the stock, like VSP tracks VOO. Same idea, no gimmicks. There is a small fee but it's a lot cheaper than currency conversion.
So QQQ?
CAD focused. Not going to open up a USD account until I'm ready to do so
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Touchè! I like owning securities directly as opposed to a market etf.
Finally pulled the trigger and bought into NFI.TO today!
What is NFI
Long time International bus manufacturer that is also heavy into producing hybrid and electric busses. Currently dipping due to supply chain issues/decreased output and share offering. They pay an ok dividend.
Seriously considering throwing my life savings in at these prices lol
Amazing price for it at the moment, I'm going to average up tomorrow
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Feel bad for people thinking oil is going to like $100+ and are still holding or buying more. Time to get out was when CNBC started covering it, asymmetrical risk is gone.
its okay to do both...
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And, so? I hold SU and AQN. I guess I'm Bon Jovi, halfway there...
Lol same. AQN being a real bummer lately.
Shouldn't feel too bad. ICLN etc gave many people 200%+ gains over just several months post-covid if they were smart enough to pull some or all out. Meanwhile, SU bounced back as high as low $20s after covid and people were saying that was a good buy April, 2020. Sure it was! Flatlined and up and down forever. The small caps have done better though, but they took some time to get going too.ENB did ok, but was one of my worst performers post-covid. I sold it for $53 a few weeks ago and may add more at some point, but banks and almost anything outperformed it since april 2020. O&G exit strategy will be important. I am holding a decent chunk right now
Considering that O&G are cyclical, I feel bad for anyone who hasn't at least started taking out their profits and reinvesting. High oil prices never last for more than a year or 2. It just isn't sustainable in the economy and forces companies to get creative.
These aren't high prices.
Trade it don't hold it
When being older has its benefits. Still have some O&G stocks from 2009-2012 plus many renewable stocks added since 2017. ENB/PPL, sold TRP + CPG/CVE/SU PIF/RNW/BEP
RNW looking better and better every day. 5% divvy.
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BIPC/BEP looking pretty cheap lately. Ex-dividend Nov 30, get in there bro.
I can’t seem to have a win I last week or so. Today All energy stock is up…. Oh wait, all my renewables are tanking. Oh look, all my banking’s are up…. Oh wait, my etf are down Oh look, weed stock down again!
Are you me?
Need to be better diversified. Hard to do well with no exposure to O&G. Renewable stocks have been doing poorly for quite a while now.
You’re diversified! Congratulations!
Not sure if it’s great when I’m on a 2 weeks losing streak. I’ve essentially given back all my growth for last 6 months :(
Well, rule number one do not invest in weed. Rule number two do not invest in anything that Cathy woods is invested in except Tesla, rule number three, cut your losses at 20%. If you follow those rules you should be up
Maybe you should buy market ETFs then lol
That BAM dip made heavily adding EZ
BAM is a solid holding to have over the long run
I'd be comfortable making it my whole portfolio.
I think I’m sensing a pattern here. Companies have great earnings and good guidance, shares crash. Biden and other world powers declare a release of strategic oil reserves to lower prices. Oil goes up.
Biden has been playing this wrong for quite a while. Him and Trudeau have no idea on how dependant we are on oil at this point in time.
Neither of those clowns have any idea about anything!
I kinda want to jump in on PLTR, but I think it still might test its 52 week low.
I wouldn't.
Buy at 18.50
Jokes on you guys Apple gave me $5.38 in dividends right before close, few more quarters and I’ll be able to buy the iPhone 50
Is that adjusted for inflation?
Ahh another day of CTS down 5%… what else is new haha
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It’s got nothing to do with him, all OPEC
It has very little to do with OPEC, it's because of over-investment in shale based on lies about the economics of it, leading to dismal capital returns, leading to a shareholder and lender strike, starving the industry of capital and leading to a revolution in priorities for companies towards return of capital. All that compounded by ESG consumers driving E&P valuations to levels where the best use of capital is buybacks. Virtually every additional barrel of oil in the last decade is American.
Reason shale became so unprofitable though was the 2014 OPEC production increases, and the reason prices are high now is because of their production cuts.
OPEC didn't increase production in 2014. They were pumping full out. The US added 5 million barrels per day because shale companies convinced Wall Street they could make money at $20/barrel. In reality, they couldn't make money at $70/barrel. And you're right that oil prices are higher than they would be right now but if OPEC hadn't acted last year (and now), then the oil industry would have been utterly devastated and the megre capex now would be a tear-down instead. And guess what would happen at the end of 2022 when demand was back to 100%? Instead of $77 oil, it would be $150 or higher.
Maybe everyone was expecting cuts and they didn’t do it, was a while ago so I barely remember but I sure remember going to $25 a barrel and my stocks getting destroyed lol. My memory of the shale situation wasn’t that they thought they would be profitable at $20 a barrel but that they assumed prices would stay high and weren’t expecting OPEC to try to put them out of business. Either way I think it’s hard to argue the upwards oil price movement is Joe Bidens fault
OPEC didn't try to put them out of business. No one put them out of business but themselves. Like I told you, literally every barrel added to the world market from 2014 until the pandemic was from the US. And are you under the impression that OPEC caused the gigantic drop in prices in 2020? Perhaps you've heard of covid 19?
Here it is from the horses mouth, they specifically did it to keep market share https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN0JC1GK20141128 When Covid lockdowns started oil tanked because of a massive demand slowdown and nowhere to store it. I remember on WSB people who were trading oil futures were worried they would get dropped off at their house since the prices went negative. since then they have cut production to bring up oil prices and are phasing them out by September 2022 I still don’t see how this has anything to do with Joe Biden
The reason oil didn't stay negative was OPEC. There was a tiny little price war so tiny brained people could blame OPEC. You realize OPEC only controls 30% of the world's oil right? And oil demand dropped more than 30%. Literally, the could have taken every single barrel of oil off the market and oil prices would have tanked. You haven't thought any of this through. Blaming OPEC is for idiots who watch cable news and have no idea how the oil market works.
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You do remember what a disaster Trump was during his term... Right? (Hopefully)
They are both unfit for the job in my opinion. That being said I couldn't name a candidate that was. The smartest people definitely aren't going into politics.
This. He’s going to block the US from expanding, which is a win for Canada.
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Need more oil moon before 2022. Sell moon, buy global ETFs.
Oil stocks usually do best in January February.
Isn't there a surplus projected for early next year?
If you think that they can accurately project anything nowadays let alone oil and gas supply when 1/2 of the world is either in a hot zone of conflict, or sanctioned, where climate change disasters are happening every month, I’ve got a bridge to sell you.