RE:RE:60s next?Hi jag:
I agree IAE is well hedged. My point is who cares? The funds and major investors will shift their money around from sector to sector as they try to out-guess the future market conditions and trends. IAE will follow the Enegy sector preformance with the occasional blip up on good news and an overreaction on the downside to bad news; a pattern similar to all companies of its size.
Two graphs below (hopefully). A three year comparison of the TSX Energy sector (TTEN) vs. IAE and one for 3 months. What I'm saying is there won't be a major divergence from the Sector performance. If you believe the Sector is going to improve, you might buy the producers. If you think the Sector is going lower, ...