Here are the stocks I’m watching lately, supported by votes of confidence from the guest analysts brought in lately on BNN:
Arc Energy Trust – (AET.UN-T): $28-29
Crescent Point Energy – (CPU.UN-T): $33-34
Husky Energy – (HSE-T): $43-44
Freehold Royalty Trust - (FRU.UN-T): $21-22
Diana Shipping – (DSX-N): $28-29
Interesting that most of them are oil plays. Oil per barrel is really cheap right now, and that means all the oil stocks are on sale. I really want to take the opportunity to buy some up, but with limited cash, I can either do this or put some more money in US stocks for increasing my US cashflow (since most US stocks are superbly on sale right now, too). Not sure which decision to take.
The Loonie could be falling again if oil stays low. In that case I’d better buy my US stocks now while I don’t lose money in the exchange rate. On the other hand, because oil is low right now, all the great Canadian energy plays are on sale too.
Hmmm…. what would you do? If you’re Canadian, or living/working in Canada, how are you planning to take advantage or protect the recent highs of the Loonie?
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{ 2 comments… read them below or add one }
There is a great book I read recently called “Stop Working” by Derek Foster. The book promotes buying dividend stocks when they are on sale and then never selling these stocks. The book describes his method to find excellent dividend stocks while on sale. Mr. Foster claims to be retired in his thirties due to his strategy.
Personally most of my money is in US dollars for investing and is increasing in value in Canadian dollars because of the declining Canadian dollar.
Yep, I agree. I have that book and his more recent one, too. They’re great for beginner investors as well. I do agree with much of his strategy. I’ve only opened myself up to the American markets this year, however.