SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jim black who wrote (53695)11/18/2005 5:41:27 PM
From: whitepine  Read Replies (1) of 206223
 
Jim, I am not a Bay Street Analyst, but poor hedges were very costly. FWIW, I am staying away from the long-term CA investments until the election is over.....or until a clear policy regarding trusts and equities has been passed or rejected by the new government. Trading of Canadian in the ST? Perhaps.

Though Coxe makes the case for buying LT values of oil sands and Canadian energy resources, I think he neglects the questions of price and timing. To me, both are important. Several people loved ECA at 50ish...........they can love it a lot more now at 43.50

When the time is right -- perhaps with a lower Canadian dollar as the election approaches -- a position via the TSX/pink sheets will probably offer a better LT value play. I am reviewing Canadian Jr's, including DDV, BIR and MSO. Others may have better ideas.

Two final items that have caused me to remain cautious.
1.If you review the action on Peyto (peyuf - pey.un), you'll see that even the best NG producers in CA can have problems. Several posters have noted that WET weather conditions in portions of Alberta will challenge operations this quarter. The market usually punishes the companies for their inability to meet projections, weather or not. I don't discount the potential impact of weather on CA EP's.
2. Many discount high costs of production and foreign ownership ratios for oil sands plays. I do not.
Good luck,

wp
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News