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Sugarphreak
01-05-2012, 03:47 PM
...

Hi-Psi
01-05-2012, 03:57 PM
Originally posted by Sugarphreak
Another good day, I nearly hit my target for Canfor and I've had it a whole 24hrs

Do you try to squeeze out 3-5% profits at a time or? Don't your fees take a good chunk out of your profit every time?

roopi
01-05-2012, 04:22 PM
Originally posted by Hi-Psi


Do you try to squeeze out 3-5% profits at a time or? Don't your fees take a good chunk out of your profit every time?

If you're paying more than $9.95 a trade you're paying to much. I realize their are lower options than this but that is the max anyone should be paying.

Sugarphreak
01-05-2012, 04:57 PM
...

Euro_Trash
01-05-2012, 06:29 PM
You can sweet talk TD into lower commisions. Or you only need $50k

Sugarphreak
01-05-2012, 06:34 PM
...

Euro_Trash
01-05-2012, 06:36 PM
When I was a student I just pointed out that I have been with TD since I was a kid, have a line of credit, mortgage, etc. They didn't even put up a fight - haven't had more than 9.99/trade since.

Type_S1
01-05-2012, 11:21 PM
Originally posted by Sugarphreak


You got it, I try to get 4% out of a stock within a maximum of 6 weeks... otherwise I turf it and move on. I'd say I have about an 80% sucsess rate and most of them I can get 4% out of in under 3 weeks. I usually have anywhere from 3 to 5 stocks on the go at any given time.

I rely heavily on site like stockscores that pick up patterns and predict small spikes in the stock... which usually only last a day and average around 3-5%.

I've gotten remarkably good at it , I can actually earn more doing this (when I pay attention) than I do working.


TD actually pisses me off, I get charged 29$ a trade until I hit a certain number of trades... then it goes to $9.99. If I pull out for a while, it resets back to the 29$, I have been too lazy to do anything about it as all my stock money is in my RSP as well.

I'm with you....TD pisses me off on the 29$ trade bullshit, paying $60 per stock I purchase/sell does eat into profits. I'm going to call tomorrow because if I had $9.99 trades out of my TFSA with them I would be a lot more active.

Hi-Psi
01-06-2012, 09:04 AM
I can't catch a break with TBE haha, I hate this stock, it just keeps going up and up.

Everyday I up my buy order limit and everyday it just misses and then finishes higher...

Sugarphreak
01-06-2012, 09:33 AM
...

Hi-Psi
01-06-2012, 09:50 AM
Originally posted by Sugarphreak


Talked to them today, bunch of fucking idiots, now I remember why I hate TD waterhouse so much.

Me: "I've been with TD for about 25 years, can you lower my trade costs to be more competitive?"
TDW: "You need 50K or 30 trades per quarter"
Me: "If I have over 40K, I transfer money out... I don't need more than that to trade with"
TDW: "Well, we arn't going to lower our trade costs for somebody who does 10 trades a quarter"
Me: "First off, I do more trades than that so stop trying to trivialize the situation; secondly even if I was only doing 10 trades a quarter, at 29$ is over 1100$ a year... plus you guys are charging me an yearly account fee, you don't think that is a bit rediculous?"
TDW: "Well, we have certain standards that need to be aheared to... bla bla bla "

Fucking dick face, I am tempted to top up the account for the cheaper trading (really wish they told me this before), but at the same time I am pissed right the fuck off with this BS attitude.

What other services out there offer RSP trading accounts?

[b]EDIT: I see Quest trade has an RSP option... 4.95$ trades with a 1000$ minimum. Can I transfer stocks I am currently holding from my waterhouse or do I have to liquidate them?

No word of a lie, I just had this exact same conversation with my bank (RBC - Direct Investing). It really pisses me off, paying $40-50/trade with the small caps is just rediculous...

I went through 2 managers as well, same story...

Looking to find something better, let me know if you find something

Jason

Sugarphreak
01-06-2012, 09:52 AM
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msommers
01-06-2012, 09:53 AM
I'm going to start up a TFSA account with Questrade, reputation seems pretty good but make sure to look at the other fees they charge, especially their Admin fees.

http://questrade.com/pricing/default.aspx

Euro_Trash
01-06-2012, 10:15 AM
Originally posted by Sugarphreak


Talked to them today, bunch of fucking idiots, now I remember why I hate TD waterhouse so much.

Me: "I've been with TD for about 25 years, can you lower my trade costs to be more competitive?"
TDW: "You need 50K or 30 trades per quarter"
Me: "If I have over 40K, I transfer money out... I don't need more than that to trade with"
TDW: "Well, we arn't going to lower our trade costs for somebody who does 10 trades a quarter"
Me: "First off, I do more trades than that so stop trying to trivialize the situation; secondly even if I was only doing 10 trades a quarter, at 29$ is over 1100$ a year... plus you guys are charging me an yearly account fee, you don't think that is a bit rediculous?"
TDW: "Well, we have certain standards that need to be aheared to... bla bla bla "

Fucking dick face, I am tempted to top up the account for the cheaper trading (really wish they told me this before), but at the same time I am pissed right the fuck off with this BS attitude.

What other services out there offer RSP trading accounts?

[b]EDIT: I see Quest trade has an RSP option... 4.95$ trades with a 1000$ minimum. Can I transfer stocks I am currently holding from my waterhouse or do I have to liquidate them?

Geez that is terrible customer service, sorry to hear that. $4.95 is definitely tempting...

roopi
01-06-2012, 10:33 AM
Originally posted by Sugarphreak
Just got off the phone with Questtrade... they do RSP acocunts, no yearly account fee, comms between 4.95 and 9.95 max, they will pay all the fees TD will probably charge me to transfer my stocks over.

....fucking TD


Before you move over to Questtrade take a look at all the banks. Personally I went from TD to RBC and avoided Questtrade just because I prefer my money with one of the big banks. Much easier transferring money in and out.

From your trading strategy it is pretty clear that you will be doing quite a few trades each year. CIBC actually lets you prepurchase trades. I believe it is $395 and you get 50 trades and any additional trade would be $6.95. I think that might be a good option for you.

Hi-Psi
01-06-2012, 11:04 AM
I feel like a complete retard for not doing this sooner and for doing the one thing I hate doing(Chasing) but finally decided to bite the bullet and took a half position in TBE at $2.45.

I've watched it gain 0.35 this week and feel like a moron for not taking a position sooner, I should have learned from last year.

Oh well, here's to hoping it'll make a decent drop on Monday and I'll get to pick up the other half position...

Sugarphreak
01-06-2012, 11:34 AM
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Sugarphreak
01-06-2012, 12:10 PM
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Hi-Psi
01-06-2012, 09:51 PM
Can anyone comment on the software that Questrade uses? I'm used to using RBC Direct Investing and have dabbled with my friends CIBC Investors Edge account and both are pretty decent. How does Questrade rate in that department?

Do they give you all the break downs on financials, fundamentals, S&P ratings, etc?

I'm seriously considering making the switch as I'm really sick of $40-50/trades with small caps and I think it's BS that RBC wasn't even willing to help at all with the commissions even though I'm only $6k away from $50k.

davidI
01-07-2012, 02:16 AM
Questrade is releasing a new software package on Monday so give me a few days to play with it and I'll let you know then.

Interactive Brokers is another cheap option, but it doesn't support RRSP / TFSA.

Canmorite
01-07-2012, 07:47 PM
Originally posted by Sugarphreak
I rely heavily on site like stockscores that pick up patterns and predict small spikes in the stock... which usually only last a day and average around 3-5%.

Nice, I use Stockscores as well. Been using it since '05, great site for running custom scans.

Sugarphreak
01-07-2012, 08:38 PM
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Hi-Psi
01-09-2012, 08:24 AM
Anyone been watching ELR?

Looks to have hit its low, rounding the corner now and could be an easy double.

Was hit by operational issues(Strike and power outage) and has suffered huge over the last year. Looks to be all sorted out now though. They did burn through a lot of their free cash which is a little concerning but they're in an up industry and at $0.50-0.60 I think it's a steal.

Jason

Hi-Psi
01-09-2012, 09:39 AM
Another stock I've been keeping my eye on is RGT - Rockgate Capital Corp.

Stock has been beat to shit this year, still a strong company with great assets.

A friend picked it up at it's lows in Nov-Dec but I can't decide whether to pull the trigger on it or not...

Rated as a Strong Buy on RBC

Feruk
01-09-2012, 10:13 AM
Still not sure it's time for uranium.

Hi-Psi
01-09-2012, 10:28 AM
Well they're an exploration company so they deal with more than just Uranium. They also deal with Silver, Copper and other base metals.

Canmorite
01-09-2012, 01:13 PM
Has anyone dealt with the tax implications of selling physical Gold? Please PM me, would be much appreciated.

Sugarphreak
01-09-2012, 01:19 PM
..

RawB8figure
01-09-2012, 01:28 PM
Which membership do you guys have with stockscores

thanks

Sugarphreak
01-09-2012, 01:40 PM
...

Sugarphreak
01-09-2012, 03:36 PM
...

Hi-Psi
01-09-2012, 05:41 PM
I had my buy order at $0.57, it hit it at the start of the day and then again mid morning but never filled... I debated picking it up at the end of the day at $0.60 but well wait and see what tomorrow does.

I have terrible luck when I set limit prices...

Still have yet to pick up my other half position in TBE... Had my buy order set for $2.41, it hit $2.42 as the low haha

Hi-Psi
01-10-2012, 09:25 AM
Kicking myself for not buying ORT when I had the chance...

It has been on an absolute tear the last 2 weeks.

bitteeinbit
01-10-2012, 09:26 AM
Originally posted by Hi-Psi
Another stock I've been keeping my eye on is RGT - Rockgate Capital Corp.

Stock has been beat to shit this year, still a strong company with great assets.

A friend picked it up at it's lows in Nov-Dec but I can't decide whether to pull the trigger on it or not...

Rated as a Strong Buy on RBC
RGT has been a buy for a while. A friend of mine who works as a broker has had this in his eye for months. It's a buy with TD, Dundee and others as well. Problem is, it's been a buy for a while but keeps dropping.

I got out of BTE recently. Thinking of jumping back in. I like this stock a lot. On a side note, I think I need to adjust my time frames. Look at TGL, my call was good but I freaked out and pulled the plug way too early it seems. I should be looking at more weekly charts, or to the very least set longer-term trades. I seem to do much better with 1-3 months timespans than 2-5 days. I think looking at things from farther away might help me out. A lot of my calls end up being right when I wait out a bit, but I tend to freak if the stock doesn't move the right way in the first few days.

dawerks
01-10-2012, 09:28 AM
CRUS FINALLY Breaking loose!

I loaded up heavily in the 16 range but today the market woke up to it.

If you like Apple, BUY CRUS (on a pullback, don't buy it today). Check it out for yourself.

I see this as an easy double in 2 years.

Hi-Psi
01-10-2012, 09:59 AM
Finally picked up my other half position in TBE today... I seriously need to smarten up when it comes to buying a stock when I want it... Watched it gain 40 cents in the last week and a half...

Also bought ELR today at 0.61

Hi-Psi
01-10-2012, 10:06 AM
Originally posted by bitteeinbit

RGT has been a buy for a while. A friend of mine who works as a broker has had this in his eye for months. It's a buy with TD, Dundee and others as well. Problem is, it's been a buy for a while but keeps dropping.

Yeah I'm gonna wait until it fully breaks out of it's downtrend before I pick it up but once it does, look out.

997TT
01-11-2012, 09:18 AM
Anybody buying sli?
Started following it since it was mentioned on the board

Hi-Psi
01-11-2012, 10:20 AM
Wow SLI took an absolute pounding today...

Have you been buying it today?

997TT
01-11-2012, 10:39 AM
Not yet. Lol.

93mr2gt
01-11-2012, 10:40 AM
I think Sli has another diamond rig they are going to start drilling...

I bought some today @ .62

dawerks
01-11-2012, 11:06 AM
Apple earnings due, usally a pop for Crus then the usual drop post.

Feruk
01-11-2012, 11:13 AM
Stay far far away from SLI. I sold almost my entire position Monday and saved myself a lot of grief. Their results were not at all impressive and their market cap is still far too large.

FraserB
01-11-2012, 10:21 PM
Noob investor here so I hope I dont piss to many people off. Looking to get started with maybe $1000 for now. Maybe some more with tax return money.

What do you guys think about picking up 100 of WCP and maybe 1000 of CORRE?

Too much in the same bucket?

tch7
01-11-2012, 11:14 PM
Originally posted by FraserB
Too much in the same bucket?
No, it's only $1000...

Diversifying is important, but when you're only playing with $1000 you don't want to be splitting that into a bunch of smaller positions where you then get killed by fees. I'd recommend choosing just one stock (or ETF) and going all in with that.

Sugarphreak
01-11-2012, 11:31 PM
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FraserB
01-11-2012, 11:36 PM
How high risk are you talking SP?

I was looking to find something with potential and maybe 8-12 months of keeping it there and then re-evaluating.

Sugarphreak
01-11-2012, 11:50 PM
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msommers
01-11-2012, 11:58 PM
Who is charging commission that high for stocks? I'm going to be opening a Questrade account and I thought the max was 9.95/trade?

Feruk
01-12-2012, 12:03 AM
Originally posted by FraserB
Noob investor here so I hope I dont piss to many people off. Looking to get started with maybe $1000 for now. Maybe some more with tax return money.

What do you guys think about picking up 100 of WCP and maybe 1000 of CORRE?

Too much in the same bucket?
No idea what CORRE is, but WCP's pretty much fully valued. It's a great company, but for that low amount of money you should be thinking either high risk and high return or low risk and low return. Whitecap is higher risk with lower return at this point.

Sugarphreak
01-12-2012, 12:04 AM
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msommers
01-12-2012, 12:17 AM
Jesus!! I don't have enough money sitting around to even make money in an account like that. Glad to hear you switched!

Sugarphreak
01-12-2012, 12:20 AM
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bitteeinbit
01-12-2012, 07:52 AM
WOw, yeah I don't know why anyone would trade with anyone but Questrade and Interactive brokers. Unless you have 1 000 000$ then TD or others might be ok. But in the age of the internet low commissions should be standard.

Feruk
01-12-2012, 09:10 AM
Yeah for the smaller guys Questrade is the way to go. I'm with Q-Trade and only pay $9.50 or something per trade, but that's only because I have over 50K in the account, otherwise it'd be $27/trade. Paid over $100/trade on a small cap once; made me ill.

Hi-Psi
01-12-2012, 10:08 AM
Yeah I'm gonna start the process this week for swapping from RBC to Questrade, I like RBC and all but paying $29-60/trade is fucking ridiculous. I'm sooo close to the 50k hump too, too bad RBC wouldn't budge.

Hi-Psi
01-12-2012, 10:16 AM
Has anyone tried the new software on Questrade yet? How is it?

How does it compare to RBC or CIBC if you've used either of those?

Hi-Psi
01-12-2012, 03:07 PM
Originally posted by 93mr2gt
I think Sli has another diamond rig they are going to start drilling...

I bought some today @ .62

Doing quite well in this I see, 30% in 2 days...

Euro_Trash
01-12-2012, 03:49 PM
Not sure what is going on with ARX, but I think I will pick some up tomorrow if the price stays down

Hi-Psi
01-12-2012, 04:56 PM
There seems to be some support around the $22 mark, I'd maybe see that it finds its support there before buying. If it breaks that support then you're looking at $21 or lower.

You could always take 1/2 position now and then see what happens.

I don't know anything about the actual stock though, just looking at the charts

Euro_Trash
01-12-2012, 05:37 PM
Great thanks for the quick analysis.

I know a bit about the company and I like the way they do business. The yield is pretty nice too

roopi
01-12-2012, 07:44 PM
Anyone know what the best method to invest in a commidty long term? In particular if I wanted to invest in natural gas or oil lonterm (no leverage). I realize I can just invest in producers but is there any other options? Just futures contracts?

Euro_Trash
01-12-2012, 08:05 PM
Originally posted by roopi
Anyone know what the best method to invest in a commidty long term? In particular if I wanted to invest in natural gas or oil lonterm (no leverage). I realize I can just invest in producers but is there any other options? Just futures contracts?

Starting to like natural gas? Any chance you went to the Tertzakian talk today?

roopi
01-12-2012, 11:35 PM
Originally posted by Euro_Trash


Starting to like natural gas? Any chance you went to the Tertzakian talk today?

No I didn't go (not even sure what that talk is). I am watching natural gas and it has been on a slide for months now. Overall it makes sense however I'd still like to throw some money that way lonterm. Just not sure the best way of doing it.

TomcoPDR
01-13-2012, 12:56 AM
Originally posted by Sugarphreak


I was making money... for the bank, lol.



:werd: :werd: :werd: :cry: :cry: :cry: Thanks for hitting a nerve SB, lol... Just looked, I have to slave away a whole year at my regular job just to pay the bank to trade sitting on their puter all day.

http://i142.photobucket.com/albums/r95/Tomcompany/Past%20repairs/Random/Commission.jpg

themack89
01-13-2012, 01:00 AM
^-- That is fucking ridiculous.

davidI
01-13-2012, 01:30 AM
TomcoPDR!!! Holy Fuck man!?

Why wouldn't you change brokers!?! What does TD offer that you can't get elsewhere?

I'm actually in the process of working up a stock trading blog and am doing some broker reviews as we speak. I currently have accounts with Questrade and Interactive Brokers and am now considering an account with a bank (RBC, BMO, TD) for their research and screeners.

I know some people will think it's a hassle, but I'll probably eventually manage my accounts like this:

Questrade - RRSP / TFSA Accounts - Cheap Commissions - No Fees

Interactive Brokers - Non-Reg Trading Account - Excellent Charting - Cheap Commissions - I have to pay for data (negligible amount) but it's great with the charting software and trading interface.

Big Bank (TD, BMO, RBC etc.) - Non-Reg Investment Account - Long-term holds (thus making commissions less of a big deal) and maintain minimum asset balance to avoid fees - take advantage of research, stock screeners etc. which lack at discount brokers.

davidI
01-13-2012, 01:39 AM
Originally posted by roopi
Anyone know what the best method to invest in a commidty long term? In particular if I wanted to invest in natural gas or oil lonterm (no leverage). I realize I can just invest in producers but is there any other options? Just futures contracts?

December 2015 futures are at $4.80.

As you mentioned, gas weighted producers (ECA) would be a good way to play the trend, as would frac companies focused in NG shales.

TomcoPDR
01-13-2012, 01:51 AM
Originally posted by davidI
TomcoPDR!!! Holy Fuck man!?

Why wouldn't you change brokers!?! What does TD offer that you can't get elsewhere?



Brand loyalty, lol lol lol :banghead:

Plus they have a dedicated line for president's account holders, plus the CEO of Waterhouse once in a while do these visits in every major cities, and they do these meet and greets with the P.A. clients... I'm just waiting for my ship to come in bumping into some K. O'Leary sugar daddy who'll bring his hot, single, legal age daughter who might wanna jump my bone.

Meback
01-13-2012, 02:20 AM
^ just googled. No results. Disappointed.

davidI
01-13-2012, 02:43 AM
Originally posted by TomcoPDR


Brand loyalty, lol lol lol :banghead:



Fair enough. I have some fairly large chequiing / savings accounts with TD, as well as my mortgage, but they completely pissed me off when they wouldn't allow me to put commercial insurance (tenant insurance) on my house instead of my usual homeowners insurance. They said that the insurance side was separate from the bank side. My response, "it says TD on your letter head and the profits go up to TD corporate and all your divisions trade under the ticker TD so go fuck yourself!"

Excusing my rant...I want to ask about the quality of analyst reports / stock screeners / research you can get?

max_boost
01-13-2012, 02:55 AM
Tomco you idiot lol

$17k in commission better come with escorts to fulfill YOUR orders. :rofl:

roopi
01-13-2012, 09:48 AM
Originally posted by TomcoPDR


Brand loyalty, lol lol lol :banghead:

Plus they have a dedicated line for president's account holders, plus the CEO of Waterhouse once in a while do these visits in every major cities, and they do these meet and greets with the P.A. clients... I'm just waiting for my ship to come in bumping into some K. O'Leary sugar daddy who'll bring his hot, single, legal age daughter who might wanna jump my bone.

You made more than 1700 trades in a year? Or is your commission rate above $9.99?

Sugarphreak
01-13-2012, 10:15 AM
...

Hi-Psi
01-13-2012, 10:17 AM
I haven't talked to Questrade about doing the transfer yet but does anyone know if there is a way to transfer maybe 90% of your portfolio over rather than the entire portfolio?

I would like to keep something at RBC just to be able to use the software for future use...

I have a US and Canadian RRSP account, maybe just leave the american account at RBC since all it has in it is HAL? HAL is a pretty big holding in my portfolio though...

Any advice would be greatly appreciated!

Jason

Sugarphreak
01-13-2012, 10:19 AM
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93mr2gt
01-13-2012, 10:23 AM
isnt it 9.99/trade if you have more than 50k with them? i am sure with that kind of commission you have at least 50k in equity?

93mr2gt
01-13-2012, 10:24 AM
People just over reacted from the disappointing report.

Doubled my 10k shares in 3 days, not bad if you ask me.


Originally posted by Hi-Psi


Doing quite well in this I see, 30% in 2 days...

Euro_Trash
01-13-2012, 12:05 PM
Originally posted by Sugarphreak
That is 14 to 15 trades a quarter, which does not satisfy the 30 trade requirement to get the 9.95 trading price. So it would be charged at 29$ each if he has less than 50K in the account at TD.

Crap... I've probably paid a lot more than that as I have hit 30 trades a quarter before.

I think you might have read the statement as $1,700. Add another 0 on there.

TomcoPDR
01-13-2012, 02:00 PM
Originally posted by max_boost
Tomco you idiot lol

$17k in commission better come with escorts to fulfill YOUR orders. :rofl:

No Max, the freebies are never as good as the ones you pick and pay yourself.


Originally posted by roopi


You made more than 1700 trades in a year? Or is your commission rate above $9.99?

Some are mixed with options (base of $9 I think, and then plus "x" amount per option)... some where over trading volume, etc...

This was in my younger years in a past lifetime... definitely not trading that much nowadays.

TomcoPDR
01-13-2012, 02:53 PM
Originally posted by davidI



Excusing my rant...I want to ask about the quality of analyst reports / stock screeners / research you can get?

Stock screeners, I find the some as Etrade Canada (now it's Nova Scotia's iScotia)

Research: There's access to First Call, Reuters ProVestor, INK insider, S&P. (there's more)

I'm just bias being comfortable with the Waterhouse platform, but most discount brokage IMO, would have way more than enough tools for amateur/retail hobby investors like most of us will ever use.

davidI
01-13-2012, 10:58 PM
Originally posted by TomcoPDR


Stock screeners, I find the some as Etrade Canada (now it's Nova Scotia's iScotia)

Research: There's access to First Call, Reuters ProVestor, INK insider, S&P. (there's more)

I'm just bias being comfortable with the Waterhouse platform, but most discount brokage IMO, would have way more than enough tools for amateur/retail hobby investors like most of us will ever use.

Thanks - yea, I love Questrade & Interactive Brokers for everything but Research & News. May toss $50k into a Bank's trading account just to access this - makes more sense than paying a monthly subscription fee for external services. I love Analyst Reports as a "first-stop" when I'm looking at a company as it saves hours in research and often there is information that isn't readily accessible online (stuff from investors conferences and such).

Hi-Psi
01-16-2012, 10:30 AM
Wow is WTG ever on a tear! Almost back to break even on it since holding through that whole CMM takeover disaster...

Feruk you still holding your shares?

Feruk
01-16-2012, 10:58 AM
Shares of which? I've never owned WTG. As for CMM, I think I held that one 4 years ago last.

Hi-Psi
01-16-2012, 11:12 AM
Hrmm, I can't remember who it was then that had also been picking up the CMM shares right before the buyout.

EDIT: Looks like it was Dawerks

cloud7
01-16-2012, 12:13 PM
An insider, Sergey Yanchukov, has been on a buying spree since November. That's probably the primary reason for the huge upswing... I wish I bought more when it was $0.77.

Hi-Psi
01-16-2012, 01:29 PM
Yeah I've been reading Stockhouse too, I'd be interested to know why he's buying so many shares, I bet a lot of people would.

I'm still not sold on the management, they really killed CMM during that takeover and are always withholding information about the progress of their mines.

ZenOps
01-17-2012, 08:43 AM
Many US big bank earnings (or losses) will be showing up this week.

Citibank is the first, and they were hit pretty hard. Depending on how good or bad Bank of America does, it may be a setup for an evil Friday.

max_boost
01-17-2012, 01:10 PM
K down 20%! :eek:

roopi
01-17-2012, 09:08 PM
Anyone been watching Talisman? Nearing it's 52 week low. Natural gas is in tanking and I can't see TLM recovering until NG does. Pays a 2-2.5 percent dividend and they have the oil production as well. Overall this company has always been an underperformed to it's peers but at these prices I think there has to be some upside. I've always thought of it as a good takeover target but I've been hoping for that for 2 years now.

I' going to pick some up tomorrow for a short term trade. I think it's good for a 3-5 percent bounce over the next month unless the earnings are terrible come mid Feb.

Anyone have any thoughts on this?

Feruk
01-18-2012, 09:31 AM
TLM is actually a pretty good company. Their revenues, cash flows, debt, production, are all good. The one big negative is they're 60% gas. I don't think the downtrend's finished either. Plus in general, I'm not sure this is the time for oil & gas stocks. Staying away from.

roopi
01-18-2012, 10:34 AM
Originally posted by Feruk
TLM is actually a pretty good company. Their revenues, cash flows, debt, production, are all good. The one big negative is they're 60% gas. I don't think the downtrend's finished either. Plus in general, I'm not sure this is the time for oil & gas stocks. Staying away from.

I've been wanting to take a long term position on Natural Gas and this was another one of the reasons for looking at TLM. I ended up picking up some shares today at $11.58.

How low can Natural Gas really go? There has to be a price where companies stop exploring for it which eventually will cut the supply to a certain degree. I realize there are non conventional methods being used now but I still can't see gas going that much lower.

I read an article saying that $1 spot prices are likely in late February. I really hope that doesn't happen or this will be one bad investment.

Euro_Trash
01-18-2012, 10:36 AM
Originally posted by roopi


I read an article saying that $1 spot prices are likely in late February. I really hope that doesn't happen or this will be one bad investment.

I sure hope not - I think (hope?) we are at or close to the bottom

Feruk
01-18-2012, 11:50 AM
Right now (winter) is historically when gas prices do well. If they're doing this bad come winter, I'm not betting on anything good in the short term. I think betting long on gas may yeild something good in... 10 years, but in the short term I'm very bearish.

davidI
01-18-2012, 12:22 PM
Seasonality shows oil picking up soon.

Gas is in bad shape given the weather in the US. Heard they're injecting in January - not good news!! (I don't follow NG stocks much these days so could be wrong - just what I heard)

Feruk
01-18-2012, 02:08 PM
I thought seasonality for oil was Nov-Apr? I think the money's too busy flowing into other places to pay much attention to oil.

CMW403
01-18-2012, 06:46 PM
What do you guys think of REL.V?

msommers
01-18-2012, 07:00 PM
Originally posted by Feruk
I thought seasonality for oil was Nov-Apr? I think the money's too busy flowing into other places to pay much attention to oil.

I'd say that is a good estimate of the core drilling season.

What else are you looking at (industry/sectors)?

Hi-Psi
01-18-2012, 08:20 PM
Originally posted by CMW403
What do you guys think of REL.V?

I've been watching them for a bit, been on a pretty good run the last month. CPG owns a bit of it. Don't know much else unfortunately.

davidI
01-18-2012, 11:40 PM
Originally posted by Feruk
I thought seasonality for oil was Nov-Apr? I think the money's too busy flowing into other places to pay much attention to oil.

December to August is seasonality on oil:
http://www.equityclock.com/charts/crude-oil-futures-cl-seasonal-chart/

Jan 30 - April 13 for E&Ps:
http://www.equityclock.com/seasonality/