Investing

What did you buy? What might you buy??

  • Last Updated:
  • Jan 20th, 2019 12:16 am
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Sr. Member
Sep 29, 2007
502 posts
84 upvotes
Biff88 wrote:
Jan 10th, 2018 9:16 pm
Ditto, added some EMA during today’s dip.
Not concerned adding utilities in rising interest rate environment?
Member
Jun 28, 2016
282 posts
150 upvotes
retireat50 wrote:
Jan 10th, 2018 10:46 pm
Not concerned adding utilities in rising interest rate environment?
Are rates actually going to rise? If you look at the US 10 year over the past 12 months, its yield was close to flat, despite short term rates rising. Anyone predicting yield inversion next year can't be expecting the US 10 year's yield to rise too much, and there are many commentators worried about that. Of course, just as many commentators are predicting the 10 year to climb up to >3%, but that still would not be much of a yield. Certainly, it would be far behind EMA's 4.8%.

Moreover, if NAFTA blows up, I would presume the uncertainty will slow the pace of rate increases, or possibly even reverse them in Canada. And that's just the worst of the geopolitical risks lurking around to stop yields from rising.

Most years since 2010 have seen commentators talking about how this will be the year when yields "normalize," by which they mean sharply rise. Will this be the year? Who knows? I certainly don't, and, thus, I'm not going to avoid reasonably priced companies based on worries about interest rates exploding.
Newbie
Nov 19, 2017
56 posts
39 upvotes
socialmindset wrote:
Jan 10th, 2018 12:18 pm
Ditto. Picked up 250 at 9.50
Over 3 purchases I re-entered cjr.b today for 1500 shares with an average price of $9.509. I had previously bought cjr.b in early 2016 at around the same price and fully liquidated at around $12.50 in 2017.
Newbie
Feb 18, 2011
82 posts
4 upvotes
Any thoughts on following?
Cameco
Kelt exploration
Fortis
Precision drilling
Capstone
Taseko
B2gold
Hbm
Deal Addict
User avatar
May 6, 2010
2492 posts
183 upvotes
Markham
Put in an offer for SECOO, just for lol.

Edited:

Put in at $12.05, and the prices were fluctuating around 13.15-45. Was adjusting the bid price and the bottom fell out!
Last edited by dec12 on Jan 11th, 2018 9:23 am, edited 1 time in total.
Deal Fanatic
User avatar
Oct 9, 2008
5279 posts
1770 upvotes
Thornhill
Will be halving almost all existing positions to have cash on hand and reduce exposure in event of shock from NAFTA meeting.
-
Submitted SELL for 1/2 on Sberbank Rossii PAO - ADR(OTCMKTS:SBRCY) existing position @ $18.23 U

Sold entire AK Steel Holding Corporation (NYSE:AKS) position @ $6.3906 US

Sold 1/2 on Alliance Data Systems Corporation(NYSE:ADS) existing position @ $272.9001 US

Sold 1/2 on Discover Financial Services(NYSE:DFS) @ $79.7201 US

--

Looking to sell 1/2 of Vulcan Materials Company(NYSE:VMC) existing potion if continue to go higher in the next week.

---
Watching Helios and Matheson Analytics Inc(NASDAQ:HMNY).

Bid submitted for full position for (NASDAQ:HMNY) @ $7.90 exp. end of day.
Last edited by Jeenyus1 on Jan 11th, 2018 9:50 am, edited 3 times in total.
Member
Jun 28, 2016
282 posts
150 upvotes
Sold half position in CVE at 13.54 (continuing to take profits on oil winners).
Deal Addict
Jul 30, 2001
2721 posts
988 upvotes
GTA
Added shares in CJR.B (@ 8.95), this stock is being unfairly beaten down by the market. Also at 52 week lows.
Sr. Member
User avatar
Oct 14, 2015
523 posts
179 upvotes
For those wondering about BAM.A
Brookfield Asset Management Announces Proposed Offering of Notes
January 11, 2018

TORONTO, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield”) (TSX:BAM.A) (NYSE:BAM) (Euronext:BAMA) today announced that it is commencing a public offering, subject to market and other conditions, of US$500 million of notes due 2028 (the “2028 notes”) and US$250 million re-opening of 4.700% notes due 2047 (the “additional 2047 notes” and, together with the 2028 notes, the “notes”).
Source: https://bam.brookfield.com/en/press-rel ... -133144190
Deal Fanatic
User avatar
Dec 28, 2007
5075 posts
1458 upvotes
Alberta
Wavelet wrote:
Jan 11th, 2018 9:58 am
Sold half position in CVE at 13.54 (continuing to take profits on oil winners).
I'm still holding it for now.
Deal Fanatic
User avatar
Oct 9, 2008
5279 posts
1770 upvotes
Thornhill
Entered SELL for remaining 1/2 position in Sberbank Rossii PAO - ADR(OTCMKTS:SBRCY) @ $18.30 exp. end of day.

Revised lower to $18.25

Filled @ $18.26 US

--

Sold existing Energy Transfer Partners LP (NYSE:ETP) for a loss @ $19.76 US
Member
Jun 28, 2016
282 posts
150 upvotes
jackrabbit000 wrote:
Jan 11th, 2018 11:13 am
I'm still holding it for now.
Like I said, I kept half. What I'm really trying to do is pare down my position from 40% of all the equities I own being E&P, oil services or pipelines (I accumulated like crazy last summer and fall) to something more like 20-25% by the end of this quarter. The EIA is predicting a 300,000 bpd drop in global crude inventories through Q1 (but then a very bad Q2 and Q3 for global inventories) so I suspect E&Ps will be good holds until at least early April. However, the extremely high net length in oil futures means that any bad news for oil prices could trigger a far bigger unwind of bullish positions than the news might warrant, so I'm slowly reducing my own exposure a bit earlier by selling half positions in stuff that's up 20% or more from my average cost.

My price targets for unwinding the remainder of my E&P positions are book value for CPG ($17-18), book value for CVE ($16) and $10/share for RRX. I'm also holding positions in Tourmaline (primarily a gas producer, which I'm not interested at selling at all below $30/share), Whitecap Resources (plan to sell half at $10.50 and hold the rest unless it tops $13 this year) and Imperial Oil (not interested in selling below $45/share, which it probably will not reach this year) as well as Trican Well Services (sell half above $5 and hold the rest unless the yield curve inverts). If oil prices move up, I might change some of my price targets, but, for now, this is my tentative plan for this quarter.

I also have ENB, ENF, IPL... etc... but I'm not interested in selling any of my pipelines near current levels.

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