A lot of competition is drawing a bead on them and he sees continued pressure. Forward PE is 8 but that is because analysts are being very bullish on techs. Sees mid-$30's and has a Sell.
A lot of competition is drawing a bead on them and he sees continued pressure. Forward PE is 8 but that is because analysts are being very bullish on techs. Sees mid-$30's and has a Sell.
Fairly cheap. With a decent yield going forward, feels it represents pretty decent value. FMV is quite a bit higher so he doesn't think there is a lot of risk.
Fairly cheap. With a decent yield going forward, feels it represents pretty decent value. FMV is quite a bit higher so he doesn't think there is a lot of risk.
His oil studies indicate that all oil stocks want to go lower. For the last 40 years, TSX oil/gas Index bottomed at about 1-1.25 times Book so at the present time he would look for about 15%, but another 20% after that if it falls to an extreme.
His oil studies indicate that all oil stocks want to go lower. For the last 40 years, TSX oil/gas Index bottomed at about 1-1.25 times Book so at the present time he would look for about 15%, but another 20% after that if it falls to an extreme.