Thank you for the article. Do you ever listen to "Market Huddle"? The Canadian hosts tend to bring up Canada. :) They had a gentlemen on last week who was extremely bearish on the currency and the housing market (basically thought central bank would be forced to cut a lot and fast compared to US). The one play he liked was Canadian oil sands, producing with Cad and selling in USD. Curious if you agreed with the logic. I know you don't see a big drop in Cad, because Fed will also be cutting more aggressively than some think? I've dipped my toes in Canadian Reits, been selling calls against my CNQ. Just not ready to jump in on the Reits with size yet.
While bullish some REITs, I am not bullish on residential housing valuations which are astronomical in some markets and near a cycle top. Not sold the Canadian dollar falling further much here either given I think the US is going to weaken further (economy) which could pressure DXY and results in lower UST bond yields. Never heard of that show but will take a look - thanks for the comment.
I saw you highlighted buys from management on OBE and JOY, is there a price on those where you become interested? Do you have any thoughts on JOY's utility efforts? I take it you still like Strathcona the best, out of the endless choices for oil and gas? I like that OBE has options (I'm from the states, so can't play with options in Toronto). Appreciate any feedback. Hope your week is off to a good start.
Thank you for the article. Do you ever listen to "Market Huddle"? The Canadian hosts tend to bring up Canada. :) They had a gentlemen on last week who was extremely bearish on the currency and the housing market (basically thought central bank would be forced to cut a lot and fast compared to US). The one play he liked was Canadian oil sands, producing with Cad and selling in USD. Curious if you agreed with the logic. I know you don't see a big drop in Cad, because Fed will also be cutting more aggressively than some think? I've dipped my toes in Canadian Reits, been selling calls against my CNQ. Just not ready to jump in on the Reits with size yet.
While bullish some REITs, I am not bullish on residential housing valuations which are astronomical in some markets and near a cycle top. Not sold the Canadian dollar falling further much here either given I think the US is going to weaken further (economy) which could pressure DXY and results in lower UST bond yields. Never heard of that show but will take a look - thanks for the comment.
I believe this is the interview RW was referring to: https://podcasts.apple.com/ca/podcast/the-market-huddle/id1444520320?i=1000659100536
I saw you highlighted buys from management on OBE and JOY, is there a price on those where you become interested? Do you have any thoughts on JOY's utility efforts? I take it you still like Strathcona the best, out of the endless choices for oil and gas? I like that OBE has options (I'm from the states, so can't play with options in Toronto). Appreciate any feedback. Hope your week is off to a good start.