RE:buying opportunitySarge - as always very relevant post .
I agree that piplelines are trading at discount but hard part to know where the bottom is . KEY , ENB and PPL are yielding over/close to 9% and I initiated new position in each of them but am red ( ENB under 38,m ppl under 28 and KEY just under 19.40) . it is easy to stare at big loss if they touch March low and this is not inconceivable especially if Biden wins. I am keeping some powder dry just in case an opportunity comes along.
It looks like you have much lower ACB so you can ride it without much worries. good luck!!
SargeX wrote: My wife & I are always fully invested but I still follow the market as a bit of a hobby and to do some short term trading with some of our extra cash. I saw the start of Marner's last post and agree that this is a great buying opportunity for long term investors.
As I've mentioned, my wife and I are 100% TSX listed dividend income/growth stocks in 5 sectors - banks, utilities, midstream, telcos, and REITs. For the stocks will follow, I think there are some screaming great buys at this point, especially in the banks (TD, RY, BMO) and midstream (ENB, TRP, KEY, PPL).
They may go down a bit more from here but I am very confident that all will be higher in the next couple years compared to where they are now.
As always, do your own DD.
Ciao
Sarge