RE:RE:RE:RE:RE:RE:RE: Pembina Pipeline Outperform Rating - RBC $58 Target Price i'm too surprised the fast drop of PPL at level similar to big oil. Only possible reason is margin call. Most energy stock have corrected 35% to 50% off their peak, similar degree to big name tech. IMO
Maxmoe wrote: Lots of things swirling around the bowl. Commodity prices probably have the least impact on a pipeline company yet trp,enb,ppl lol are down. But they are down WAY less than a producer. More like the decline in BCE. Yes, it's about raising rates. Not the 10 year bond at 3 or 3.5% who cares. But how high will it go? Unknown is the problem. Pipe and utes will be weak until there is some sniff of a stop in rate hikes, or at least a slowing from 50,75 bps per hike to 25bps. The other big factor that always gets overlooked is liquidity requirements. If you run a big fund and you want to raise 5% cash, you tend to sell what's down the least, what's the easiest to sell, what's not going to create a huge realized loss you have to report. Plus, if you're an opportunistic investor you will have already skewed your fund toward safety and away from the fang growth stocks. Now that those stocks have sold off 50% or more, you may want to start moving back the other way. Ie sell a little safety, buy a little growth. When the bowl is swirling, even small moves can have a big impact. Just my dumbass opinion.
stockmarket1 wrote: You might want to re-read what I wrote and understand it too. Obviously, you didn't So, you tell us why commodity prices are sky high --- nothing has changed drastically in the past month, or so. WTI, Brent still over $100. So why are shares sliding aggressively? We all know about interest rates , recession etc. We've known that for weeks & months now. So,maybe you can expain it.?
King-of-Kings wrote: You're trying to sound like you know what you're talking about, then you're curious WTF is going on? Which one?