Canaccord Genuity
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Oil prices are down and who knows for how long? He's underweight oil, though he's always held, and he's minimal in Canadian oil. He'd buy VET in dips to average down. Has a $40 target. Buy a safer investment in this space is the ETF, HPF-T, so you're paid an 8% dividend to wait. It holds the world's 15 biggest oil companies. VET's dividend is a little rich at 13%, though he's okay with a cut and wait for this sector to come back. Expect a dividend cut in the oil sector.
Oil prices are down and who knows for how long? He's underweight oil, though he's always held, and he's minimal in Canadian oil. He'd buy VET in dips to average down. Has a $40 target. Buy a safer investment in this space is the ETF, HPF-T, so you're paid an 8% dividend to wait. It holds the world's 15 biggest oil companies. VET's dividend is a little rich at 13%, though he's okay with a cut and wait for this sector to come back. Expect a dividend cut in the oil sector.
Owns shares at 10 cents They have an old Quebec mine, but the project has been dormant. He's excited about it now, though. QMX's neighbours in St. Catharines just got taken out for $32 million, and QMX's project has way more area. This project, a mill, is now back up and running, and the mill will pay for the overhead. This sector was decimate, but now with the revival in gold, projects like this will get started again. He'll continue to hold QMX. He can wait till it gets going. Hold at 10 cents. QMX is a speculative, "fishing" stock though. Safer are Agnico Eagle or FNV-T.
Owns shares at 10 cents They have an old Quebec mine, but the project has been dormant. He's excited about it now, though. QMX's neighbours in St. Catharines just got taken out for $32 million, and QMX's project has way more area. This project, a mill, is now back up and running, and the mill will pay for the overhead. This sector was decimate, but now with the revival in gold, projects like this will get started again. He'll continue to hold QMX. He can wait till it gets going. Hold at 10 cents. QMX is a speculative, "fishing" stock though. Safer are Agnico Eagle or FNV-T.
A residential REIT in America or Canada He likes rentals. The young can't afford condos, so they're renting. Rentals are good inflation hedges. Owners can raise accordingly (depsite rent control) and there's also turnover. There aren't many apartment REITs in Canada, either. Also likes Dream Global REIT for international exposure.
A residential REIT in America or Canada He likes rentals. The young can't afford condos, so they're renting. Rentals are good inflation hedges. Owners can raise accordingly (depsite rent control) and there's also turnover. There aren't many apartment REITs in Canada, either. Also likes Dream Global REIT for international exposure.
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