Avenue Investment Management
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He owned it for 5 minutes last spring. They had a great business plan, making money and were well-financed. But this year blew that out of the water. Things changed so fast because of Covid. This shot up so quickly that he sold it. Russel Metals has better value now.
He owned it for 5 minutes last spring. They had a great business plan, making money and were well-financed. But this year blew that out of the water. Things changed so fast because of Covid. This shot up so quickly that he sold it. Russel Metals has better value now.
WCP buying TORC Oil Like with Suncor, we've had a relief rally in oil and cyclicals. Instead of vibrant competition in this industry, all this pressure on oil will reduce this space to a handful of names. He's looking for the highest free-cash flow producers at their lows. WCP gets stronger with this merger and should see a valuation bump. He'dd love to see WCP easily go 50-100% higher, but this will happen only if money outside the sector drives it. This is why he won't buy WCP now. CNQ is a safer play, more certain that CNQ will make money in the next 12 months. That said, if the price of oil rises, WCP will certainly surge.
WCP buying TORC Oil Like with Suncor, we've had a relief rally in oil and cyclicals. Instead of vibrant competition in this industry, all this pressure on oil will reduce this space to a handful of names. He's looking for the highest free-cash flow producers at their lows. WCP gets stronger with this merger and should see a valuation bump. He'dd love to see WCP easily go 50-100% higher, but this will happen only if money outside the sector drives it. This is why he won't buy WCP now. CNQ is a safer play, more certain that CNQ will make money in the next 12 months. That said, if the price of oil rises, WCP will certainly surge.
Put in a TFSA? A top pick. You can put it in a TFSA as long as you're diversified across sectors, like real estate and industrials. He likes the nat gas business in western Canada and KEY should do relatively well; nat gas is key for Keyera. Doesn't expect this company to do anything exciting, just maintain its business. This will be a $30 stock, but KEY suspended a billion-dollar infrastructure project and are competing in this area with Pembina. With the new CEO, what is the strategy? A question mark. The stock now is still cheap enough given all that.
Put in a TFSA? A top pick. You can put it in a TFSA as long as you're diversified across sectors, like real estate and industrials. He likes the nat gas business in western Canada and KEY should do relatively well; nat gas is key for Keyera. Doesn't expect this company to do anything exciting, just maintain its business. This will be a $30 stock, but KEY suspended a billion-dollar infrastructure project and are competing in this area with Pembina. With the new CEO, what is the strategy? A question mark. The stock now is still cheap enough given all that.
