RE: RE: RE: TD downgrade I agree Ingiboy , now way I am going to sell at these levels . The sell off was the big banks unloading before the downgrade . They understand valuations and future earnings potential of the company . They were just manipulating the stock . I am sure after the unload and downgrade they will start buying back in .
I can not time bottom but I am pretty confident we must be close . Barring another armageddon scare from Europe or some other unwarranted load of BS the market is looking increasingly positive . What other companies have such low valuations multiples with so much potential on future growth and earnings ?
Companies were making money on oil 10 years ago when it was under $30/barrel . I am sure alot of oil producers have production hedged under $100 barrel . If they are locking in future production at current prices it will help maintain activity for a long time . With the Government just coming out with " One project one review " and a shorter review time line should help with pipelines to ship future production from increased activity . Government is increasingly pushing, to ramp up our energy exports. Which is only going to help with the whole energy sector long term .