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Market. The Vienna OPEC Meeting: They could decide to add a million to a million and a half barrels of oil production but they moved it down to a third of that. OPEC has not been able to NOT CHEAT for a long period of time so he things they can't refrain from 'opening the spigots'. There has not been a huge investment in oil here for the last few years. He looks at the forward market. If we are going to $100 [as another guest predicted] then why is the futures market anchored at $50. He thinks Trump will make trade wars a little bit worse before making it better. The Canadian dollar is under pressure due to NAFTA which will perpetuate into next year at this point.

Educational Segment. Bitcoin. It is not sustainable because of the energy consumption. There are 4 thousand crypto currencies. Half of a percent of all the electricity in the world today is consumed in making crypto currency. He thinks eventually governments will control all digital currencies as they can more easily track transactions to tax them. In the end he feels Bitcoin is worth nothing although it's energy cost is a couple of thousand.

His long term view is very negative on the airline industry. This industry has had the highest level of bankruptcies. It is not a great industry to invest in but you could trade it. He is a trader of airlines. They did better recently by adjusting for energy prices, but he does not see a bottom in the industry.

BCE-T Replacment: If you want to replace it, he would look at ZWU-T because it gives you all the Telco's. It gives you a couple in the US as well as pipelines and utilities. He is not looking for a lot more downside. It pays north of 6%.

Interest Rates. He would recommend a target rate bond fund. You are diversified across corporate and other bonds.

Correction with the trade war. How to hedge investments at this time. This is way too difficult to answer in 30 seconds.

He does not look at the balance sheet, nor does he do single securities. The 12 months analyst target suggests 10-15% upside on this stock. At a minimum it has stopped going down.

BTE-T vs. RRX-T. RRX-T has been taken out by BTE-T. One analyst says you will now own a company with a much higher debt. BTE-T is a zombie company because of debt. 78% debt to equity last time he talked about it. After the deal RRX-T will have a huge increase in production. If you believe in $80 oil by year end then this a good leveraged play on oil. He thinks we will below $60, the problem is that this stock is too levered. It will be at 75% debt to equity. The market is voting negatively on the deal.

BTE-T vs. RRX-T. RRX-T has been taken out by BTE-T. One analyst says you will now own a company with a much higher debt. BTE-T is a zombie company because of debt. 78% debt to equity last time he talked about it. After the deal RRX-T will have a huge increase in production. If you believe in $80 oil by year end then this a good leveraged play on oil. He thinks we will below $60, the problem is that this stock is too levered. It will be at 75% debt to equity. The market is voting negatively on the deal.

(A Top Pick Sep 18/17, Down 8%) He has a $1.20 target for it. Because the Canadian drilling industry as not recovered it has not done well. Book value is $1.17. He would stay with it. This is a Canadian LNG leveraged story.

(A Top Pick Sep 18/17, Up 62%) They did very well with production. There was the bump in oil prices and he sees further increases in production.

(A Top Pick Sep 18/17, Flat) He thinks there is a 20% downside in oil stocks. Worldwide inventories will be rising between now and the end of the year.

You are sitting in some euphoria. He would wait for a pull back to get in. You might want to buy it then. This is a great success story.

It is a great company. They are drilling wells across the existing. They have support from institutional investors. He is considering it. If they build up what they are talking about it could be $5 Billion. They could be acquired. He is about to do a big work up on the numbers.

It bought Spartan and people thought it was a fabulous acquisition. It took the debt up but the equity went up even more. It now has a decent balance sheet. Lower, it would be a fabulous buy.