RE:anything with material revenues coming out of the west seasonedinvestor48 wrote:
has had its head handed to it. For reits, lets not forget artis (-20), allied (-34) H&R, (-28). Lets look at non reits, Autocanada (-50), Transcanada (-32), the list goes on and on. Dream is nothing special, except to the snake, cause he is in way over his head.
Very much agreed. Its fear of oil prices and anything tied to it. And the big boys seeing a chance to make some quick profits shorting while the fear is high.
Afterall, Calgary is only 18 % of NOI. Edmonton 8 %; they will be OK. I understand they operate under the DREAM umbrella of companies; but Im wondering if there is a pension fund (CPP, OMERS, etc.) who would consider taking them out if we stay in the teens. For a fund with income needs Dream would be worth it.
Anyways, oil production in the US will decline, maybe sooner than people expect. Demand for oil will continue to grow; and oil will recover to a reasonable price.
Dream will be higher in the future, cant say when, but it will. Hold and collect, or average down if you are brave.