VII -12% today <- TD Action List Buy also..guess that's not a guarantee
CVE has been a mess since the $16 secondary issue (now $10.xx)
AMEX Personal 60K || Business Platinum 75K || Biz Gold 40K || SPG 20K
Aug 3rd, 2017 12:34 pm
Aug 3rd, 2017 5:45 pm
Aug 3rd, 2017 7:39 pm
Aug 9th, 2017 4:08 pm
Aug 9th, 2017 4:23 pm
Aug 9th, 2017 4:32 pm
Same here, owing ALA, ENB, ENF, IPL, PPL (now sold)
Aug 13th, 2017 8:34 pm
My Canadian stocks are an absolute disaster. I wish I avoided the TSX altogether at the moment. My US side is fine.
Aug 14th, 2017 3:06 pm
Relative to the price of crude, Canadian energy names are the weakest they have been since October 2015. This is despite the recent 15% rally in WTI prices, during which Canadian energy names actually lost ground relative to the price of oil.
Aug 15th, 2017 9:10 am
Aug 15th, 2017 9:18 am
Aug 15th, 2017 10:09 am
Western Canada Select, the Canadian crude benchmark, trades at a spread to WTI. While I haven't followed the spread, it looks like via a couple of Google searches to be widening from May onwards.MrMom wrote: ↑Mar 30th, 2017 8:17 pm... In the CVE press release under "Vendor take-back terms" it clearly stated what will be market overhang on the stock price for at least a year. I suspect people leaped first before doing their due diligence. The mkt we are in now is not the mkt of 6 months or 1 year ago.
What may support the Cdn stock price a bit is that COP will likely hold the USD CVE shares allowing them to unwind some USDCAD hedges and swaps now. Just a guess on my part.
Aug 15th, 2017 11:20 am
Aug 15th, 2017 12:51 pm
Aug 15th, 2017 12:54 pm
Aug 15th, 2017 1:07 pm
The sentiment is extremely against energy and pipelines right now so any bad news is amplified.