RE:RE:RE:RE:RE:RE:RE:CXR will be $100US when The US-CAD can turn from 0.75 to 0.6. or 0.5 but US is still considered having problems.You can see FED opinion and oil price. Oil could impact Canada next year , the price is expected to be $20 but in the end of 2016 the oil price will be higher than $40.Too much risk in exchange rate.
The oil situation can turn <in a night>;. OPEC members started to have divergences , Russia position is very anti ISIS...ISIS put Putin and Obama togheter...
So 0.75 can also turn on 0.9.
I can see only an opportunity, having CXR in US and by next year if the oil price could be really $20, the exchange rate will turn 0.5. If in the same time CXR is maybe $80 US because of strong results in February and May, you can change and have gain from exchange rate. But if you want to profit from exchange rate you have to buy another stock in CAD.
This scenario could happen but also the reverse is possible and you have to stay on CXR because of the losses on exchange rate.
For me, it seems to be high risk because two situations have to be changed in the same time, CXR must be higher when the exchange rate is good for you.
Bullphighter wrote: Question for any longtime holder, does the US price always seem like a better deal? I have been paying attn to the US price lately, as it is easier for me to stay in US funds, than dealing with exchage rates. Any insight would be appreciated. <blockquote class="BBQuote"> <div> <cite>bullchart wrote:</cite> Fd.. Yes 3-5 May be average but was running 10.00 nov 20-23 .. May need to bring that average up a bit until that oct 1 resistance :)</div> </blockquote> <br /> <br />
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