RE:Top Pick from Mr. Ferrethere is the recomendation i made to you forkliftguy, I was actually stopped out of dee the following day and took about a 10% loss on that trade. i have rebought some of it the last couple of days. i have options on bir which i am down on. these 2 stocks are primarily nat gas and liquids, dee was 2% crude last quarter. the metrics for nat gas prices this winter, storage dropped and is below normal at this time and opec does not control these prices in north america. these stocks will eventually separate themselves for the turmoil, dee is the riskier of the 2 due to it's debt. these companies can cut capex and or production quite easily, iae cannot and is a much greater risk by a long shot. i mad good money on dee and bir and iae last year, people really need to learn how to take profits when things move up.
" I own about 30 stocks and like them all, maybe a bit iffy on one or two of them. for 2 stocks in the same sector I would buy t.dee and t.bir, i own both and have been adding, bought more dee today, they report tomorrow and bir very soon also. if i shorted stocks i would short iae right now for a short trade. i own lots of agriculture stocks and some finacials, us banks and some insurance cos. manulife is a good buy now and am adding"
i find it crazy how high a percentage many cdn inverstors hold of this sector in their portfolios, if you listen to any bnn marketcall show most of the questions seem to be on this sector. pretty much all my other stocks continue to climb, i will soon cashout of my us stocks and move back to the cdn dollar as it looks like it may get to the low .80's again. bought all my us stocks close to par so great gains on currency too.
so probably see sub $1 on iae by the end of next week imho. ask yourself this, how much is a company worth that has lots of debt and loses money at the same time???
more headwinds for crude will be the resurgance of nuclear power, more industries converting to cleaner nat gas, and other green renewable energy, wind solar thermal, all eating into crudes market share in some way or another.
cheers and hopw your other stocks are doing well, ferret