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Boudrias

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Everything posted by Boudrias

  1. My USD side now exceeds the highs I had back in Jan/Feb. EMA, ENB, FTS are all generating half their revenues in the USA. I liked RDS because it is global and more into LNG all the time. They have an investment arm that is investing in battery storage as one of their ways of moving away from hydrocarbons.
  2. Just bought Shell. I wouldn't touch a CDN oil stock with the anti oil attitude by the federal government. All that said if I was going to buy 1 it would likely be SU. I bought Shell because it is down over 50% and pays a 11% dividend. Foreign holding so income is fully taxed but between the yield and possible capital gain it is worth it.
  3. Bought GLW and RDS.A today. A little tech and big oil. Corning is a top glass researcher. RDS pays 11% div. Shell is a large investor in alternative energy. Years ago when I was involved with them they took interest in a wood pellet plant up near PG if I remember right. This might not be the low but if I can buy international companies with decent divs I am looking hard. I do expect the CDN $ to drop to 0.60 cents. 12 of my 18 Cdn listed stocks either have their divs paid in USD or have significant revenue streams outside Canada.
  4. Did the finance industry 'fly or fall' in 2009 based on merit? The feds put $7 0r $8 billion into the car industry to bail them. We won't even go into how much money Bomber has got. I don't think the gas sector is healthy but it isn't dying like oil. I can see a program where government takes equity if a loan defaults. IMHO the work should already be done on which companies are critical to patch survival. This is a industry that has lost 150,000 jobs. It's high paying jobs have contributed to equalization in a major way. I don't think anyone should get a freebee from the taxpayer whether company or citizen. If either gets help it should all be repayable. Bottom line for many is that they won't be able to repay. As our PM goes on TV each day and hands out more money the issue of how this impacts the country's finances is never discussed. What a novel idea that our leader look into the camera which he loves so much and actually throw some financial facts out. 30% of Canadian federal debt is owed by foreigners.
  5. It seems like half the country is on the dole right now. A lot of people and companies rethinking their business plans.
  6. That's twice now, isn't it? I hope it wasn't pre pay.
  7. Didn't our own JT Truly buy 5 million doses?
  8. Doesn't a terrorist act have a underlying political basis? What I have heard is this individual initially killed people he knew and then went on to indiscriminate killing. I guess more info will tell the tale. I am assuming mental issues.
  9. I run my own version of a Couch Potato. YTD my equity portfolio is down 6.4% and the Couch Potato is down 5.95%. 2019: My equity + 19.9% and Couch +14.6%. My caveat on comparison is that my equity account doesn't have a lot of bonds or interest income investment which causes outperformance in up markets. Another major consideration is the time it takes to manage an investment account versus a Couch Potato.
  10. The USA system does not have the strong central government that Canada has. State rights take precedent. The State is first responder in health and the feds are supposed to provide emergency backup thru FEMA and the military. After an initial claim by Trump that he could restart the economy he then deferred to State and municipal authority. My original point Sam was whether C-19 testing could allow a AHL or NHL restart even without fans present. I doubt they do as revenue thru TV is not likely enough. USA testing is supposed to be up to 300,000 daily by weeks end. We will see.
  11. Talk of the CDN $ dropping to $0.60. Do you think that is in the ballpark?
  12. You are so bang on. Individual liberty is what is being lost during this epidemic. Not many questions asked. When previous 'truths' are proven otherwise their is no consequences or even a lot of concern by most people.
  13. The Americans are supposed to have a 5 minute test on C-19. Everyone coming into the arena can be tested, both players and support. This is a process which might allow play until a inoculation is developed. We know some process will be used as the world cannot shutdown for 12 - 18 months.
  14. IMO the NBA reducing their playing age back to 18 will possibly impact collegiate attitudes towards signing NHL contracts. The value of a NHL contract cannot be understated. The reality is that making the NHL has many challenges. One of those is some kind of financial security. Boeser signed for that purpose as his family needed help. If that security is possibly threatened by injury then signing makes a lot of sense. I suspect this is playing a big part in Rathbone's decision.
  15. There were over a million Russians fighting for the Nazis in WW II. Many Russians hated the communist, especially the Ukrainians. The Dutch had 2 divisions of volunteers fighting the Russians.
  16. Not particularly interested in an extended back an forth over this. I cannot agree with a program (equalization) that takes vasts amount of money from a province like AB for decades. It cannot be justified on the basis of just paying your taxes like everyone else. There is little argument over the net net of it. I blame the province of AB for staying in equalization as well. Many years of weak provincial governments.
  17. Thats your take but not mine. I see Conrad Black is now pitching the idea that resources are national assets which I don't agree with. That said he feels AB/Sask should withdraw from equalization. For the 100's of billions Albertans have paid into equalization I highly doubt they get much of a sniff in return. Oil won't be $20 forever and AB wiill rebuild but maybe not within Canada.
  18. 65% of my portfolio are long term holds. I set my allocations and adjust from those. 35%? A big chunk of that right now is gold at 16%, NTR 2.5%, BCE 2.1% .... some are long term holds but not core. Tax implications can play on whether I move on them or not. A question to consider is whether the feds will adjust the dividend tax credit or whether the capital gains tax will be adjusted. If either were changed I suspect the stampede of money out of Canada would accelerate.
  19. My grocery run yesterday: On the drive there I saw a group of young kids being kids, no social distance; two women on a walk, no distance; main street full of cars; hardware store with security limiting entry and yes the lot was pretty full; Extra Foods: lot about half full but people visiting on the lot, no limit to entry, no sanitizer except at checkout, people generally maintaining distance, some employees with gloves but most without. Many people do not seem to be able to function in isolation. A large number of people have completing the necessaries of life like shopping as their social life. Especially older folks. Surprising number of people don't have the capacity to understand their risks. I am in a rural community and many people will not take the virus seriously unless it impacts them directly. Big news from a NYC doctor who was saying he was losing 80% of the patients he put on a ventilator. He realized patients needed oxygen and not forced air. He is now advocating CPAP machines with oxygen and having patients moved from one side to the other.
  20. I'm happy with JNJ and CVS. I have used the HHL etf that is a covered call product and has a nice yield. At these prices I question the value of ETF's when you can buy a blue chip for a long hold. I parked some money in the ZWU utility etf. Covered calls with enhanced yield paid monthly. I did this to up my allocation but not committed long term.
  21. So your happy with that? AB has been forking out +$20 B per year for how many years?
  22. Even tho I agree with you I couldn't help myself and bought some GOOGL this morning. I will wait to buy Cdn banks until the re-hit their March lows.
  23. Your talking about a country that allowed a governing party, in essence, nationalize the media with $600 million taxpayer dollars. Combine that with the $1.5 billion the disgraceful CBC gets. In fairness the National Post and the G&M have ran recent stories about Chinese lies about the virus and the WHO complicity in those lies.
  24. I always assumed that Taiwan and S. Korea would have very well developed plans in place to deal with bio warfare in the event it was used against them. PPE equipment in strategic supply and methods of following infections and then dealing with it. They also probably have a level of training for such events that far exceeds anything seen in NA.
  25. If government steps in to bail out companies then they should take equity in return. That would be a pretty sobering wake up call. Totally agree that the taxpayer should not be the go to piggy bank. The scale of this is so massive. I am sure there will be another round of aid coming from Congress. Your right that they have had 12 years to set better guidelines. Deflationary environment and a aging demographic is not good for business.
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