Post by
Marty47 on May 31, 2024 5:16pm
Wow nice 3% up today 2.84million
Dis i missed any news , today was a big days big volumes
Comment by
UNBResearcher on Jun 01, 2024 10:57am
Marty, take a look at the time-graph of the entire TSX for Friday, May 31. A huge amount of trading during 3:30-4:00 PM EDT. Big pop on all the markets. I don't see the reason for trading during the last minutes of the month. Nice to see Freehold pop. DM.
Comment by
newcoin on Jun 01, 2024 4:04pm
Canada will cut interest rates, on Wednesday, next week. This will effect the entire Canadian market, especially dividend payers.
Comment by
malx1 on Jun 04, 2024 2:43pm
FRU has very little debt. Call it $200mm, or 1x annual FFO at $75 oil. FRU is not a business that will be impacted by interest rates. The big guys with big debt, like Telecom, Pipes, Utilities, REITs. They are the ones who benefit from falling rates. Nice one's to own: FTS, T, PPL, BEI.un
Comment by
Westcoastenergy on Jun 04, 2024 3:39pm
I think his point was that if interest rates drop, people will be looking for higher dividend payors, and FRU would benefit from an inflow of new share purchasers.
Comment by
malx1 on Jun 04, 2024 3:46pm
General public still afraid of O&G, even if it's a lower-risk name. FRU won't see buying until retailers believe oil is recovering and NG is firm. Even then, they will be buying Pipelines over royalties. At least lack of enthusiasm provides opportunity for the DIY guys to snap up FRU/TPZ/PSK etc