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


To: Goose94 who wrote (98800)11/27/2020 1:24:48 PM
From: Goose94Respond to of 203330
 
BHP (BHP-ASX/NY) top pick from Norman Levine on BNN.ca Market Call Friday Nov 27th @ 1300ET

BHP is the world’s largest mining company. It’s based in Australia and its main products include copper, iron ore, and metallurgical coal. It is also an oil and gas producer, although it has been reducing its footprint in that area in the past few years. It is potentially a potash producer in Saskatchewan, should the Jansen mine there ever be built. I have long been of the belief that the only time investors should have a meaningful exposure to commodity stocks is when the price of the underlying commodities are rising or plateauing for a long time at a high and very profitable level. Metal prices are going up at this time and even oil is showing signs of recovering somewhat. That makes it a good time to own BHP.