Search found 37 matches

by jonforest
10 Oct 2017 21:49
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: TC Energy formerly TransCanada (Symbol-TRP)
Replies: 453
Views: 80672

Re: TransCanada (Symbol-TRP)

That is the closest I have read to the truth.... The revival of Keystone XL was a key factor. That said, if one of Keystone XL, Kinder Morgan or Line 3 do not go, then shippers are back in a pickle. For Canada's sake, Energy East would have made a lot more economic and strategic sense than Keystone XL. We simply do not need to be so beholden to Gulf Coast refineries as we are today. Tidewater pipelines would be so much better. Interesting to hear you say that, AR. Do you think that there might also have been a knock-on from the cancellation of Petronas' LNG plans? That is, the prospect of so much gas going to be exported from the west coast will have meant less gas sent eastward, thereby justifying re-purposing the gas line for Energy East.
by jonforest
06 May 2017 16:42
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG) [Delisted 31-Aug-2023]
Replies: 279
Views: 25128

Re: Home Capital Group (Symbol-HCG) [Delisted 31-Aug-2023]

The regulator may be partially responsible for the run on small banks. The problems at HCG have been public for a while. An action seemed warranted because the pattern of behavior was just too similar to the poorly regulated shadow banking system in the US prior to 2008. Instead OSC sat on their hands for a long time and let everyone think "game as usual". Then they suddenly acted at the very time when the fears of of a housing crash are at the highest. Had they acted decisively straight away, the consequences would have been milder. On the other hand... Yes, let's wait for the hearing. I'd like to understand if there was specific new information which finally forced OSC to act. There was mention in a G&M article last week th...
by jonforest
23 Apr 2017 17:04
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Home Capital Group (Symbol-HCG) [Delisted 31-Aug-2023]
Replies: 279
Views: 25128

Re: Home Capital Group (Symbol-HCG) [Delisted 31-Aug-2023]

SQRT wrote: 23 Apr 2017 11:46 Quite aside from whether Home Capital is a buy at these prices ( probably) is that of whether they should fire their CFO for deliberately misleading shareholders. If the facts reported in the G&M are correct, he will be unemployed shortly. When I was working we had such a thorough review of shareholder communications, that something like this would never have happened.
The detail that most struck me in the G&M story was that there is allegedly an email in which the CFO boasts that he had buried the bad news so deeply in the MD&A that no one would ever find it. For me, that speaks of a duplicity that renders the company uninvestable for a long, long time, possibly forever.
by jonforest
22 Apr 2017 15:58
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Canadian Banks
Replies: 1889
Views: 233301

Re: Canadian Banks

rhenderson wrote: 22 Apr 2017 12:31 As for SLF, I bought that pile of dogsh*t 10 years ago for $52 and today it's below $ 48. At least the index is close to where it was 10 years ago. :lol:
I bought SLF eight years ago and I'm up 77% (excluding dividends). I guess timing really is everything.
by jonforest
04 Jan 2017 01:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Hedge Fund Contest
Replies: 59
Views: 5275

Re: 2017 Hedge Fund Contest

Spudd wrote:
jonforest wrote:Name: "Beagles get hit by trucks"

Long: TSE: CRX (Concordia), P (Primero), RMP (RMP Energy)

Short: TSE: TECK.B (Teck), TCW (Trican Well), CBL (Calidus)
I couldn't find any of your longs in the index, and of the shorts, only TECK was there. Please re-pick.
Sorry, I should have read the rules.

New name: A drunken walk down wall-street

Long
Advantage Oil & Gas Ltd. AAV
Aecon Group Inc. ARE
Agnico Eagle Mines Limited AEM
Short
Winpak Ltd. WPK
WSP Global Inc. WSP
Yamana Gold Inc. YRI
by jonforest
02 Jan 2017 17:57
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2017 Hedge Fund Contest
Replies: 59
Views: 5275

Re: 2017 Hedge Fund Contest

Name: "Beagles get hit by trucks"

Long: TSE: CRX (Concordia), P (Primero), RMP (RMP Energy)

Short: TSE: TECK.B (Teck), TCW (Trican Well), CBL (Calidus)
by jonforest
24 Feb 2016 10:50
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2016 hedge fund contest
Replies: 53
Views: 5308

Re: 2016 hedge fund contest

Please freeze my KEG at today's closing. Thanks!
by jonforest
15 Jan 2016 19:01
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2016 hedge fund contest
Replies: 53
Views: 5308

Re: 2016 hedge fund contest

Shoot. I should have payed closer attention. Let's leave it unfrozen for the moment. Thanks!
by jonforest
13 Jan 2016 19:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2016 hedge fund contest
Replies: 53
Views: 5308

Re: 2016 hedge fund contest

I would like, if I may, to 'freeze' KEG at today's closing price ($0.206).
by jonforest
04 Jan 2016 00:12
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: 2016 hedge fund contest
Replies: 53
Views: 5308

Re: 2016 hedge fund contest

Double-hedged sword

LONG:
AAPL
AIG
EMR

SHORT:
MINI
WLB
KEG
by jonforest
17 Feb 2015 10:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: CIBC Investor's Edge - $6.95 New Fee Structure
Replies: 107
Views: 16446

Re: CIBC Investor's Edge - $6.95 New Fee Structure

DenisD wrote:
jonforest wrote:And sometimes the point is that I want the $US sitting there.
Can you buy a US dollar MM fund or ISA on the same day to avoid the currency conversion? Used to be able to do this at TDDI.
Yes, I could. But I'd rather I didn't have to do that.

To be totally honest, though, my feelings are a little bit mixed. The hassle and hidden costs of currency transaction means that I tend to buy US stocks only when I believe that I want to hold them long term, and keeps me from trading them very much, which is usually a good thing.
by jonforest
17 Feb 2015 10:33
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: CIBC Investor's Edge - $6.95 New Fee Structure
Replies: 107
Views: 16446

Re: CIBC Investor's Edge - $6.95 New Fee Structure

DenisD wrote:
jonforest wrote:And sometimes the point is that I want the $US sitting there.
Can you buy a US dollar MM fund or ISA on the same day to avoid the currency conversion? Used to be able to do this at TDDI.
Yes, I could. But I'd rather I didn't have to do that.

To be totally honest, though, my feelings are a little bit mixed. The hassle and hidden costs of currency transaction means that I tend to buy US stocks only when I believe that I want to hold them long term, and keeps me from trading them very much, which is usually a good thing.
by jonforest
16 Feb 2015 21:24
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: CIBC Investor's Edge - $6.95 New Fee Structure
Replies: 107
Views: 16446

Re: CIBC Investor's Edge - $6.95 New Fee Structure

The fees are indeed pretty good at CIBC IE. The downside is that their RRSP/TSFA accounts can't hold US$. So any trade will be subject to foreign exchange. (They will wash the foreign exchange for a buy and sell on the same day, but there are times that I have a sell but not a buy.) You'll be smiling after you read http://canadiancouchpotato.com/2013/12/03/norberts-gambit-the-complete-guide/comment-page-4/#comment-79297. CIBC charges only 10 basis points for foreign exchange conversions in an RRSP! Most other brokerages charge more than 10 times that. “At present, holdings in registered accounts are denominated in Canadian dollars only. We are considering making the necessary system changes to allow US currency in our registered accounts i...
by jonforest
16 Feb 2015 16:53
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: CIBC Investor's Edge - $6.95 New Fee Structure
Replies: 107
Views: 16446

Re: CIBC Investor's Edge - $6.95 New Fee Structure

optionable68 wrote:
NorthernRaven wrote:CIBC's cash for new money is presumably in lieu of rebating transfer fees.
Nope, I called - CIBC is offering cash and free equity trades and will additionally reimburse 100% of transfer fees for accounts over $50k.... the free limited time ETF trading is an additional bonus. Note the $6.95 trading and you have the best and most compelling offer amongst the big banks. Hoping TD gets on board.
The fees are indeed pretty good at CIBC IE. The downside is that their RRSP/TSFA accounts can't hold US$. So any trade will be subject to foreign exchange. (They will wash the foreign exchange for a buy and sell on the same day, but there are times that I have a sell but not a buy.)
by jonforest
08 Feb 2015 08:02
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you sell? What might you sell? (2015)
Replies: 214
Views: 29027

Re: What did you sell? What might you sell? (2015)

Sold half of my BCE this week near its new high as it had grown to be too large a part of my holdings. I haven't decided yet how to redeploy.
by jonforest
24 Jan 2015 15:31
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you sell? What might you sell? (2015)
Replies: 214
Views: 29027

Re: What did you sell? What might you sell? (2015)

Recently sold DE, which has been more or less flat, but up 20% for me because of the strong US dollar.

Also sold SLW @ $29, which I had bought about 6 months ago, again up about 20%.
by jonforest
01 Jan 2015 23:55
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: A 2015 hedge fund contest
Replies: 54
Views: 6309

Re: A 2015 hedge fund contest

Peculiar_Investor wrote:
jonforest wrote:Name. "The Bleeding Hedge"

Long:
TSE:TCK.B
TSE:ABX
NYSE:BABA

Short:
NYSE:BAS
TSE:JE
NASDAQ:TSLA
I don't think this will be accepted
Norbert Schlenker wrote:The universe from which to choose is either the S&P/TSX or the Russell 3000. No mix and match between the two groups, no exceptions.
Oops. Strike that. Lets go with:

Name. "The Bleeding Hedge"

Long:
TSE:TCK.B
TSE:ABX

Short:
TSE:JE
TSE:LIF
by jonforest
01 Jan 2015 09:22
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: A 2015 hedge fund contest
Replies: 54
Views: 6309

Re: A 2015 hedge fund contest

Name. "The Bleeding Hedge"

Long:
TSE:TCK.B
TSE:ABX
NYSE:BABA

Short:
NYSE:BAS
TSE:JE
NASDAQ:TSLA
by jonforest
21 Aug 2014 11:23
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Keyera (Symbol KEY, was KEY.UN)
Replies: 47
Views: 4211

Re: Keyera (Symbol KEY, was KEY.UN)

AltaRed wrote:
jonforest wrote:Could you unpack this a bit? I don't understand the relationship between natural gas prices and the midstream margins.
Companies who are in the midstream business strip the natural gas liquids out of the rich natural gas stream and market the gas liquids to chemical companies for plastics et al and to oil sands producers as diluent to 'thin' out their thick oil. If your supply cost goes up and your sales price is capped, profit margins suffer. <<snip>>.
Thanks, AltaRed, that was very informative.
by jonforest
20 Aug 2014 22:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Keyera (Symbol KEY, was KEY.UN)
Replies: 47
Views: 4211

Re: Keyera (Symbol KEY, was KEY.UN)

AltaRed wrote:While it is true the oil sands industry will want all heavy gas liquids that can be made available as diluent for shipping oil sands oil, there will be a point where midstream margins will get severely squeezed when natural gas prices recover. If NG ever hits $7-9 again, companies like KEY, ALA, PPL, etc. could (should) get hammered at that time. The odds of them continuing higher for any length of time seem contrary to common sense. I continue to stay away.
Could you unpack this a bit? I don't understand the relationship between natural gas prices and the midstream margins.
by jonforest
23 Feb 2014 18:52
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Head and shoulders...
Replies: 33
Views: 2208

Re: Head and shoulders...

deaddog wrote:
jonforest wrote:
Your description of your system (sell if it's down 1% or up 3%) sounds interesting. Off the top of my head, it should mean that in a completely flat market you'd get a lot of 1% losses and about one-third fewer 3% gains. But if I were to try to do this, I'd be trying to buy on those dips, and this might help. Is that what you're doing?
What I said is that I risk 1% of my capital. My stop may be 10% or more below the purchase price and is usually below a recent swing low. Again using what I refer to as TA or Price action to determine where the stop is placed. I try not to trade flat markets.
Sorry, I completely misunderstood. Obviously I should pay closer attention.
by jonforest
23 Feb 2014 12:42
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Head and shoulders...
Replies: 33
Views: 2208

Re: Head and shoulders...

Deaddog, I wouldn't myself describe range trading, etc., as TA, which I would keep for attempts to predict short-term movements of the stock-market based on chart-phenomenon. One of the reasons that I think it's better to consider these separately is that I can see in range-trading an underlying logic: there is a law of supply-and-demand, and as the price of a stock increases, demand should fall, and therefore define the top of a range. A similar approach should define a point where the growing cheapness of a stock attracts new buyers and creates a floor. I'm not sure whether it's actually possible to make money this way, but at least there's a reason to suppose that it might work. As far as head-and-shoulders, cup-and-handles, etc., I just...
by jonforest
15 Jan 2014 17:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: What did you sell? What might you sell? (2014)
Replies: 219
Views: 31216

Re: What did you sell? What might you sell? (2014)

Sold @ 38.55 100 Potash Corp that I had acquired on the fall last summer (avb $32).
by jonforest
13 Jan 2014 10:34
Forum: Stocks, Bonds, ETFs, Funds, REITS and More
Topic: Missed bus on Loonie depreciation?
Replies: 6
Views: 758

Re: Missed bus on Loonie depreciation?

As we all know, the Loonie has depreciated quite rapidly from being stronger than the US$ down to close to 90c. This has hurt those who invested in hedged US funds. As a result, the call is now to go to unhedged funds. (from today's G&M) Currency risk management must be regularly re-evaluated, Mr. Osborne cautioned. But most forecasts predict further weakness in the loonie through this year, some of them expecting another 5 or 6 cents of downside. “Our advice to clients and investors generally over the last couple of years is to buy U.S.-dollar-denominated assets on an unhedged basis.” Question is - will Loonie continue to drop, hold steady or recover? One would think that given a year or two, the low Loonie will help stimulate our eco...