Down to four long oil/gas positions – Peyto (mostly gas Canadian royalty trust), Alta Gas (Canadian royalty Trust), Connacher (Canadian oil sands) & Opti Canada (Canadian oil sands) after Oil Sands Quest sale.
Have positions in five refiners which should go up if oil ever falls – HOC, TSO, FTO, VLO, SUN
Portfolio was pretty near 100% invested with no funds available to take advantage of opportunities so decided to sell some positions
STO. AMZN, FDX, UPS so far…
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The oil service companies have dropped since I sold them. Would be thinking to buy some back if they pull back more as they still have excellent long-term prospects.
Precious metals have been weak as the dollar has strengthened but medium-term and long-term inflation looks to be increasing so not thinking of selling those issues – GLD and the various gold and silver mining companies.
China cut the tax on stock market transactions. The Shanghai market popped over 9% so CAF will be up a lot today I’m sure. And selling it seemed like such a good idea yesterday…
Was down about 1% yesterday – gold & silver related stocks were down, Canadian stocks down (in part because the dollar was stronger).
Gold & silver stocks look weaker today too.
No bright ideas yet. Wise Saying #54 “When there’s nothing to do, do nothing.”
Copper stocks look they will continue up today
Precious metals look weaker
Thinking about MCD and YUM – doing well overseas and OK in US
Thinking about more oil sands – BQI, Opti and/or Connacher
