Have preannounced better-than-expected earnings. There's a shortage of steel in North America. One of the leading plate producers. Also, a major player in the oil field pipe business. Improving their balance sheet.
A great stock for people who want a hedge against rising gasoline prices. The largest independent refinery and marketer in North America. A shortage of refineries is being exasperated in the US by rules or
In general, US banks look more vulnerable than Canadian banks because of the mortgage market in the US. Has structured itself to take advantage of higher interest rates so it is a psychological factor. Buy on weakness. Excellent management.
Would be kind of warm to chemical companies because they benefit from a pickup in the economy. The negative has been the higher cost of oil which squeezes them.