TSX:BEI.UN - Post by User
Comment by
malx1on Oct 15, 2021 4:15pm
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Post# 34011838
RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results
RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results autofocus111 wrote: malx1 BEI traded below NAV even before the 2014/15 oil bust. It's why I bought it in the first place. I would love nothing more than to see oil trading at $80 WTI. Long CVE, SU, and OVV, and perfectly happy with WTI at $60+. Not nearly as confident as you about a sustained move to the $80 mark. CV19 is not going away and that will be a sustained overhang on oil demand growth esp. air travel for a long time to come. AB may continue to produce at current levels but I don't see a boom in RE happening there.
The RE boom doesn't show up until 3-4yrs into the recovery in oil patch.
People across country are looking for affordability as foreign money is being laundered by satellite families in Vancouver/Toronto/Montreal housing markets. Tax paying Canadians are moving away from the foreign speculator's.
BEI nav will grow with AB economic recovery and relocation of Canadians seeking better value.
The low-risk sleeper will be GH. When covid19 fears subside, their hotels and casinos will get busy and stay busy.