gokou3
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Posts posted by gokou3
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On 9/13/2023 at 9:39 AM, longlake95 said:
FFH.pr.D
ALA.pr.H
SLF.pr.J
These are all floating rate resets. There are others series you can buy, with "better" features. example..SLF.pr.J is a non-cumulative....so it trades at even more of a discount because people deem the non-cumulative as a negative.
The Canadian pref complex, is pretty washed out. Many retail investors have been killed over the past 5 years here....they threw in the towel. ZPR has been a disaster. This is a pretty inefficient market dominated by retail investors.
It's a parking place for cash.... even if rates go down " a bit" I think we do okay here as a parking place for cash.
I am looking at the cdn prefs as well. Thought the perpetual fixed may be a good bet if rates have (or will soon have) peaked. What do you think? Thanks,
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48 minutes ago, maplevalue said:
coupon based on $25 par value but shares trading around 17Interesting idea. In the past, share prices of rate-reset prefs tend to correlate with general interest rates. The consensus seems to be that the current rate cycle is closer to the top than the bottom. Are you concerned about an rate decrease in the next year or so?
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More OXY.WS. Expecting Uncle Warren to keep adding OXY at these prices.
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36 minutes ago, RedLion said:
I just took my first look at the OXY warrants, they're exercisable before august 2027 at $22 per share, so it seems like they're trading for close to the intrinsic value, am I reading this wrong?
Indeed not much time value in these warrants - just about $0.40 of time premium plus the foregone dividends relative to buying the underlying stock. I guess if the company decides to increase the regular dividend payout, as a warrant holder I am slightly hurt by it (don't think there's any strike adjustment for regular dividends), but this seems to be already reflected in the small warrant premium.
My brokerage account doesn't support this technically uncovered calls so no comment on it.
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Swapped BAM into BN at par.
Bought OXY.WS
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I have a question re: global natural gas supply growth.
For oil, I think the consensus, at least among energy investors, is that global supply growth will be limited in the next few years due to lack of capex / ESG craziness / etc. Is it the same situation for natural gas? Seems like there will still be a low single-digit growth in north america, partly due to lack of egress capacity growth. What about the rest of the world - middle east, Australia, etc?
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On 10/17/2022 at 1:25 PM, lnofeisone said:
Spain is now rejecting LNG shipments. Germany is near full. The Europe is as ready as it can be for the winter (and this is why prices of TTF gas are in the downtrend). Winter months begin next week.
The storage tanks may be full, but is it sufficient to last them through this winter? Asking a question.
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More BAM, <US$40
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5 hours ago, Ulti said:
https://oilprice.com/Energy/Natural-Gas/Canada-Set-To-Miss-Out-On-A-Massive-LNG-Opportunity.html
It seems like this is a fluff piece but what do I know ...hopefully someone can enlighten me...I thought that the western Transmountain line was going to offer
export opportunity to Asia and indirectly free up more gas from the US to go to
Europe....as well as directly export to US lng facilities.
https://www.capp.ca/explore/oil-and-natural-gas-pipelines/
According to this website , the industry agrees with missed opportunities and lng .
Transmountain (TMX) is for crude oil. Coastal Gaslink is for NG transport from Alberta to LNG Canada plant in Kitimat, scheduled to come online in 2025. 2Bcf/d, a good start but far from potential production capability.
All going from memory so may be off.
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12 hours ago, lessthaniv said:
Yes. You have to wait 1 calendar year after the withdrawal is made but you’ll be able to contribute all those funds back + 2023 allowance once were in 2023.
Edit: Assumes your maxed out already.
I believe he would just need to wait until the next January 1st, not 365 days, to re-contribute the $80k?
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BIR.to. Montney NG producer. Big drop today due to a LNG plant being out for longer than expected.
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On 4/22/2022 at 6:04 PM, MikeL said:
Aren't you worry about the share dilution of CTS.TO?
2018: 64m
2019: 77m
2020: 102m
2021: 200m
I think the share issuances from the last 3 years are due to them wanting to bulk up quickly to a critical mass.
Going forward, the company guided to $1B of revenue in acquisitions per year for the next 3 yrs. Their stated goal is to acquire 3% ebitda margin business at 5x EV/EBITDA multiple, that's a P/S=0.15 and hence $150M M&A dollars per year. Based on their cash on hand ($120M real-time by my estimate) and FCF (C$130M for 2022 by my estimate), company should be able to self fund without further dilution.
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GOOGL, BAM.A, CTS.to. Really drinking the GARP kool-aid here.
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I would add Brookfield Asset Management (BAM)
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Converge Technology Solutions, CTS on TSX. A roll-up in the IT service space with strong per-share growth and reasonable valuation (~11x EV/adj EBITDA)
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30% IRR in 2021. Finally outperform S&P500 again after 2 years of (severe) underperformances. PVF, ATD, BRK.B and ENB helped.
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On 11/13/2021 at 6:58 AM, JRM said:
Is Westinghouse going to be a standalone company again? I would say Westinghouse would be a good bet on the nuclear trend, but I'm not so sure. Areva\Siemens is big in France and Europe. People I know who consulted at nuclear plants under construction in China said their impression was China was using Westinghouse to build 6-12 reactors with plans to steal the designs and build 10x that amount. I would bet that is the case with China's recent announcement of its nuclear plans.
If nothing else Westinghouse might make good money servicing the existing reactors from the 1970's and 1980's.
You mean this Westinghouse?
Seems to me that PE shops are the new conglomerates!
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Does anyone else experience this? I place a limit-price buy order for a stock at a price better (higher) than the current bid, and yet my order does not show up as the best bid or in the Level 2 quote. Is my order "in the system"?
The stock is a lightly traded one (~$1M volume per day), dual listed on TSX and NYSE, and I have placed orders on both exchanges with BMO Investorline and TD Webbroker. Do I need to call in to get that trade executed?
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No one mentions Toyota Venza yet? The redesigned 2021 model is so beautiful. The dashboard, large screen, the finish... i am in the market too and trying to decide between Venza and the 2022 Lexus NX, which will be released soon.
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Have been buying Suncor (SU) lately, with the latest purchase today at US$22.02. Close to 20% 2022 FCFE yield if WTI oil can stay above US$60/bbl.
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BTI. 7.7% yield
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British American Tobacco BTI for sub-$39, ~8% yield.
What are you buying today?
in General Discussion
Posted
What class - rate reset, perpetuals?