Tag Archives: supply

There’s more upside yet in lumber stocks.

Back in early February, I posted an article suggesting Canadian lumber stocks were poised to perform.   I mentioned that I’d bought one myself – West Fraser Timber (cost $57.85) – which is now just above $70.  A 22% return over … Continue reading

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US Energy Self-Sufficient – But for how long?

According to the Energy Information Administration, the US is more than self-sufficient when it comes to energy.  For the first time in a very long time, production of energy (all sources) exceeded consumption in 2019. What we do know is … Continue reading

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Avoid natural gas companies despite bounce in energy sector.

Oil has had a spectacular rebound as news that OPEC+ might be willing to come to some sort of agreement (with Trump’s help?) The price of WTI popped from the $20 level.  I did share that on March 20 I … Continue reading

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More than toilet paper in short supply.

We have been meaning to buy a computer monitor for my daughter who often works from home – her company laptop is tiny.  Decided to go today and discovered there’s been a run on monitors.  The young fellow at Best … Continue reading

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Oil stocks still worth avoiding – usually fall more than crude prices.

I suggested in prior post that oil would be in trouble due to the COVID-19 impact on fuel demand. The stocks are being clobbered, and one might be tempted to ‘buy low.’ After all, Chevron’s dividend yield is above 5%.  … Continue reading

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The Day After – Catalyst for resumption of Bull Market will be a surprise!

I provided a rather winded explanation in my previous discussion about why the current correction was inevitable.  Since then, the S&P 500 has declined roughly 3%.  It is likely to get worse before it gets better? My own estimation was … Continue reading

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Bonds at risk, inflation threat and stocks fully valued!

In mid-October the S&P 500 Index was at 1428.50 and I suggested (despite all the pessimism at that time) that if rates and inflation remained steady we could see the index move 20% higher. To be precise I reasoned: For … Continue reading

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How I predicted the decline in GOLD price!

The gold price has declined from the roughly $1750 level back in February to less than $1550 (more than 10% in 3 months).  It could be a screaming buy, but I’d discourage anyone from jumping in at this juncture.  What … Continue reading

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Cyclicals Surprise Attack?

Earlier in the month, Alcoa was featured as the ‘second worse performing Dow stock in 2011.’ It was almost universally (in research reports by analysts and the press) expected that the financial results would be terrible, as evidenced by this … Continue reading

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China, Commodities, Oil – buy when bad is bad and good is bad!

From Bloomberg: “A Chinese leading indicator climbed for the third straight month, adding to evidence that the world’s second-biggest economy is withstanding Europe’s debt crisis and faltering growth in the U.S.” As crazy as it seems, lately no matter what … Continue reading

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