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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (1512)	6/6/2013 7:29:37 PM
From: Goose94	Respond to of 203031

Bill Bonner, President & Portfolio Manager, Brickburn Asset Management on Market Call, BNN.ca June 5, 2013 Market outlook: The theme that I think is relevant is that energy markets are turning the corner, as we have felt they would in Q1. Global Oil prices are relatively stable, the “made in Canada” oil price discount has largely disappeared, and natural gas supply dynamics in North America suggest a tight inventory outlook and stronger natural gas price heading into Q3 and Q4. It also appears that the Canadian energy stocks are still well below historical average valuations. Consequently, when compared to their U.S. counterparts they look relatively attractive. We think this could bring back U.S. buyers for Canadian energy stocks. In Brickburn’s world we still see a big valuation gap between larger and smaller companies. We can still BUY stocks for 2 or 3 times cash flow versus. historical norms at 5-times cash flow, and versus. the larger companies at 7-times cash flow. Capital markets willing, we could see a significant rally in the smaller end of the market into the third and fourth quarters.