Added to my GH position. Even with the covid closures they are still turning a profit and will likely soar once all this is behind us.
I wonder if ENB maybe had more upside than TRP?Just buying on a pull back...imo TRP has a long road of expansion in front of it & the muscle to make it happen. There's more to their story than oil & KXL and I'll enjoy the yield & dividend increases along the way. They are a good way to diversify out of Canada without giving up the dividend tax credit or the dangers of forex drift.
Wow...I think I convinced myself to buy more lol.
Perhaps.I wonder if ENB maybe had more upside than TRP?
If I have to wait for improvement, it is always nice to have a 6% to 8% dividend while I am waiting. Makes the time go by a little better.Perhaps.
Waiting for ENB to improve is like waiting for the next earthquake. Seems to never happen, and despite the odd surge of activity, seems to fizzle. It just does not seem to be a sustainable dividend - they took on too much debt.
I wish they'd do the right thing and cut the dividend and right size their finances. I'm OK with the expected drop. I used to think buying in the mid-30's was a real coup - now I just yawn.
Yeah, I just read this morning that the sale of new gasoline-powered vehicles will be banned in Quebec from 2035, reveals Environment Minister Benoit Charette in an interview with The Press. That only 15 years...No more gas driven cars in the UK after 2030. That is only 10 years from now. Will other countries do the same? It seems to be the writing on the wall.
Alta, you know a heck of a lot more about this than I ever will, but I've seen analysis like that before and it all seems to hinge on renewable wind and solar providing consistent reliable power in the future. The graphs in the article just show it ramping up and up and up.
It might end as a penny stock at 0.05$.It might go up and it might go down.
Yeah, this is pure gambling and the smart money says with respect to this type of investment don't spend much time on all the wonderful stats you've offered. There will be no institutional uptake on a stock like that, so it's all speculators betting against speculators.It might end as a penny stock at 0.05$........it has nearly no debt, it's currently profitable, its P/S and P/B are decent, its P/E is a bit high but nothing to worry considering the context, its RoE is great, its profit margin and operating margin are good. Insiders hold 50%.
It's a try. This year, I've bought 3 stocks when they were a market cap around $300M and I managed a +26%, +57% and +265%. (I'm not counting those who crashed down to a market cap that low, only those who were growing. For instance, I'm not counting SCL which is down to a market cap around $200M at the moment, but once was a billion-dollar cap [yet I'm up +59% on that one])Yeah, this is pure gambling and the smart money says with respect to this type of investment don't spend much time on all the wonderful stats you've offered. There will be no institutional uptake on a stock like that, so it's all speculators betting against speculators.
Why don't you buy REIT ETF such ZRE or XRE?I added RioCan to my RRSP today....haven't owned it since 2016. Its part of my plan to not buy any GIC's under 2% yield , instead I will use REIT's. I have more GIC's maturing soon and hope the REIT sector doesn't bounce too much before then.