GREY:BXEFF - Post by User
Comment by
dinkdestroyeron Feb 06, 2017 4:41pm
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Post# 25806741
RE:Waiting for the inevitable dip below $1 CAD
RE:Waiting for the inevitable dip below $1 CADI would advise caution in any Energy related trade since currencies, FX pairs and interest rates all appear vulnerable to continuation of the recent trend reversals, which would indicate an environment which is counter to a sustained upside in commodity related equities. The weather continues to be problematic for gas and while a bottoming could develop, upside may be lacking. Most Gas producers are trading quite weak, in Canada, PEYTO is approaching a 52 weak low, so this weakness is affecting the solid companies as well, not a time to bet on a weak sister. At the risk of going against the MoneyTeam sage advice, maybe holding fire here is warranted.