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Locked: What did you buy? What might you buy??

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  • Nov 16th, 2022 11:49 am
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Newbie
Sep 29, 2018
6 posts
georvu wrote: NAFTA deal reached.

CAD strengthens.
Any ideas on how to play this? I think about Linimar and Magna ...
Deal Guru
Feb 4, 2015
10331 posts
6696 upvotes
Canada, Eh!!
VincentV82095 wrote: Any ideas on how to play this? I think about Linimar and Magna ...
Wait for details of deal.

Trump may have slipped in a stipulation that we pay for wall with Mexico!! jk :)
2022/3: BOC raised 10 times and MCAP raised its prime next day.
2017,2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.
Deal Guru
Aug 17, 2008
10991 posts
13540 upvotes
VincentV82095 wrote:
Any ideas on how to play this? I think about Linimar and Magna ...
georvu wrote: Wait for details of deal.

Trump may have slipped in a stipulation that we pay for wall with Mexico!! jk :)
https://www.theglobeandmail.com/politic ... -of-trump/

excerpts;

"Three sources said a side agreement, meanwhile, would see U.S. tariffs lifted on Canadian steel and aluminium, and a guarantee that the Trump administration will not impose tariffs on most auto imports from Canada. In exchange, however, Canada would accept a quota system that would place stricter limits on the export of Canadian-made vehicles into the U.S. market, said two sources."

Canada will give U.S. farmers access to the Canadian dairy market greater than the 3.2 per cent granted to 10 other countries under the Trans-Pacific Partnership, the sources said. Ottawa will also change a rule that had largely excluded U.S.-made ultrafiltered milk, a cheese-making ingredient, from Canada.

For its part, Canada will keep Chapter 19, which allows it to challenge punitive American tariffs on imports at binational panels rather than in the U.S. court system, the industry and government sources said. The system has proven useful in the past for protecting softwood-lumber exports from duties. One U.S. industry source, however, said the Chapter 19 system would likely be watered down, such as by imposing a time limit on it.

Canada also bowed to U.S. demands to raise its de minimis threshold – the amount of online merchandise consumers can buy across international borders without paying import duty – from $20 to $100, said the sources. The move, which was opposed by the Canadian retail industry, was agreed to by Canada in exchange for still being able to collect sales tax on the purchases, a source said.

In exchange, Canada agreed to an auto quota system similar to one Mexico accepted in August, said two industry sources. Under the terms of the deal, all Canadian-made autos and auto parts under a specific quota – which is higher than current export levels – are exempted from any possible Section 232 national-security tariffs. In addition, any Canadian-made autos that exceed the quota but that meet stringent new auto-content rules would also be exempted. Therefore, Washington could only impose tariffs on autos that exceed the cap and fail to meet the new rules.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Guru
Aug 17, 2008
10991 posts
13540 upvotes
Is there a chance MEG sees a better offer? Just throwing it out there. $11.69 traded last pre market. Makes somewhat sense as 0.485 HSE is worth > $10 as of COB Sept 28.

Major holders attached from different sources. Will the HF want more $ for their shares? Will CNOOC want to sell?
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Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Expert
User avatar
Sep 19, 2004
26763 posts
9333 upvotes
where I belong
MrMom wrote: Is there a chance MEG sees a better offer? Just throwing it out there. $11.69 traded last pre market. Makes somewhat sense as 0.485 HSE is worth > $10 as of COB Sept 28.

Major holders attached from different sources. Will the HF want more $ for their shares? Will CNOOC want to sell?
Nobody knows
BNN says so, TD report says unlikely
I'm more worried about MEG rejecting the offer and tanks
Which Credit Cards to sign up? >> Jerry's Mega Thread of Credit Cards Q&A
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
Buying up some natural gas stocks on the rumour that LNG Canada approval is going to be coming as early as today and potentially this week. Several names got a nice pop on the news (plus the MEG energy deal probably helped bring attention back to Canadian energy). Picked up a few stocks that drifted back down after the pop or have yet to get a bump. Some decent sp momentum lately, potentially huge news, improvement in both nymex and aeco pricing makes it look like a good opportunity to me.

https://globalnews.ca/news/4502502/shell-lng-canada/
Member
Feb 29, 2008
407 posts
192 upvotes
GTA
RolandCouch wrote: Buying up some natural gas stocks on the rumour that LNG Canada approval is going to be coming as early as today and potentially this week. Several names got a nice pop on the news (plus the MEG energy deal probably helped bring attention back to Canadian energy). Picked up a few stocks that drifted back down after the pop or have yet to get a bump. Some decent sp momentum lately, potentially huge news, improvement in both nymex and aeco pricing makes it look like a good opportunity to me.

https://globalnews.ca/news/4502502/shell-lng-canada/
can you tell us which ones you bought?
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
fuzzy2k3 wrote: can you tell us which ones you bought?
Bought CR, PONY, LXE, considering a couple others as we speak but just reading up on some stuff before buying.
Deal Addict
Oct 21, 2014
1939 posts
2938 upvotes
Burlington, ON
Added TD at $77.86, been waiting for a pullback
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
Bought 1/2 position in TOY.to
Deal Expert
Jan 27, 2006
21844 posts
15620 upvotes
Vancouver, BC
MrMom wrote: Is there a chance MEG sees a better offer? Just throwing it out there. $11.69 traded last pre market. Makes somewhat sense as 0.485 HSE is worth > $10 as of COB Sept 28.

Major holders attached from different sources. Will the HF want more $ for their shares? Will CNOOC want to sell?
jerryhung wrote: Nobody knows
BNN says so, TD report says unlikely
I'm more worried about MEG rejecting the offer and tanks
Everything really depends on the future oil prices... MEG was trading at a much lower price just a few short weeks ago and if HSE offered that much at that time, people would have said that they overpaid. Now, if oil prices spiking upwards, the price seems too low for the market but the real issue is what do those with deep pockets feel about the next few months in regards to the oil price? If they think it will go up (which seems to the market), then another offer may be in the wind.

Personally, I would take the money and run. In most of these situations, you might see another $1 in upside while there is $3 in downside risk right now and that's not exactly good. If you sell now, you can redeploy in another highly leveraged oil play like BTE.
Jr. Member
Jan 22, 2018
155 posts
97 upvotes
Meg energy roughly $11. analyst expects $16-19 with potential from other bidders coming into play.
Jr. Member
Jan 22, 2018
155 posts
97 upvotes
unlikely it will tank, take a look at aeroplan stock for example of the bidding process.
11 initial offer, with room for negotiation imho. lots of room for the upside rather than tanking.
Deal Expert
Jun 26, 2011
15096 posts
5413 upvotes
GTA
RolandCouch wrote: Bought 1/2 position in TOY.to
Full position in TOY now. Don't recommend catching falling knives though!

Full position in LXE. Avg volume 79K, today 1.1 million....
Deal Guru
Aug 17, 2008
10991 posts
13540 upvotes
There was a seller of AAV testing the depth of the bids from 3pm onwards and seems to be still be there. I was $3.55 bid and hit, adding to my position.
Answer not a fool according to his folly, lest thou also be like unto him = Never argue with an idiot, they'll only bring you down to their level & beat you with experience
Deal Fanatic
May 22, 2003
9325 posts
6386 upvotes
Vancouver
Added to Paypal and Boeing
Deal Expert
Jan 27, 2006
21844 posts
15620 upvotes
Vancouver, BC
knightou123 wrote: Meg energy roughly $11. analyst expects $16-19 with potential from other bidders coming into play.
That completely depends on the analyst view of oil prices which by the way will translate into gains for other leveraged oil plays as well. $19 per share? No way! Unless oil is going to go up 50% in the next 4 to 6 months, no-one in their right mind would pay more than 2x the price where the market was pricing MEG at on Friday before the bid. In fact, if you look at how the market is pricing MEG at now with the bid as well as various bits of analysis commentary (as well as those pipe dream estimates), just over $11 is a long long way from $19.
Deal Expert
Jan 27, 2006
21844 posts
15620 upvotes
Vancouver, BC
knightou123 wrote: unlikely it will tank, take a look at aeroplan stock for example of the bidding process.
11 initial offer, with room for negotiation imho. lots of room for the upside rather than tanking.
LOL.

You mean AIM.TO as Aeroplan wasn't a stock or a standalong company but a program ran by AIM.TO..... And it was a completely different situation than MEG. AIM had something that Air Canada needed - the Aeroplan database AND to keep those Aeroplan members flying in AC seats. In some ways, Air Canada needed Aeroplan more than Aeroplan needed Air Canada and both Air Canada and AIM knew that. After all, what would happen if lets say AIM sold Aeroplan to WestJet and Delta Airlines? Air Canada knows that not only would they loose access to the database, they would gain a much stronger competitor in both domestic and international routes.

MEG has no such advantage over HSE. If MEG doesn't want to play ball, HSE may increase the offer OR they will just move on to the next leveraged oil play. MEG doesn't have anything that HSE needs for their on going business like AIM had.
Deal Expert
Jan 27, 2006
21844 posts
15620 upvotes
Vancouver, BC
RolandCouch wrote: Full position in TOY now. Don't recommend catching falling knives though!

Full position in LXE. Avg volume 79K, today 1.1 million....
Should be another good Christmas for TOY. That's why I've got it as a long term holding since $22...
Deal Fanatic
User avatar
Jun 11, 2001
9475 posts
1610 upvotes
Hopefully some of you guys got MEG at the low points. Nice jump today.

Picked up ENB again at 42.x

Sold it awhile back for 46.x
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