RE:RE:Why the strong returns today?Hello Sarge, so good to hear from you.
I bought some SOBO today, yes, just before the big drop in the last minutes of the day. I bought it on the basis that Keystone XL might be reactivated . . . I understand both Alberta and the Republican party want it to start up again, and in fact I believe I read that Trump has said that he would give it Presidential approval in the first days that he takes office.
I know it's not as simple as that, and that it would be a very expensive proposition that TRP was dead set against. But SOBO? Or "whoever" might get involved with the company?
And yes, while I'm not fond of a 100%+ payout ratio, it's unfortunate that many of the Canadian blue chips that many of us own are also in that camp. Maybe it's time to sell all and buy gold (ha!).