Post by
TonyDj on Oct 13, 2016 7:33pm
Thank you Wiky.Keep buying I am and so is Private Equity.
My feeling is we are in a good spot here. The upside is huge and downside is minimal. The trading volumes are low right now but that will change as we approach RSP season and the new year, where we will have more TFSA room to buy more stock. I am at maximum for TFSA. Even if NBZ cuts the dividend 50% next year - worst case scenario we are still looking at over 6% .The Saudis need higher prices to float their IPO and fund their budget. The Russians will put aside their differences as they are also in a cash crunch. Shale oil production is declining and credit has dried up. Not sustainable at these low oil prices.