Official Long-term Investments Thread

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Originally Posted by rx7boi

I've really wanted to get into Pembina. Have seen a number of Beyonders say that they hold it.

I'm just waiting for another recession or at least another December-sized correction before putting my cash reserves into my watchlist.

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Pembina has already announced their big capital expenditures. And every day we seem to have new projects coming down the pipe to increase capacity at Redwater Fractionation(I'm a project consultant there). I don't even think they've announced Watson Island yet? And it is already being built. Huge Propane sales volume is going to be going out that way and loaded on ships. And of course they have their own PP plant getting built, which is part of the big capital expenditures already announced.

Personally I have a hard time seeing any major downward correction in their stock, but I do see some good upside.

So, with the lack of investment and horrible sediment towards oil and gas, specifically Canadian, am I crazy to want to put all my assets into it? Seeing the high dividend yields and very good free cash flow with a lot of these companies, it seems like a great place to throw all of my assets. Do the "big guys" think Canadian oil and gas is going to 0? Even if it does, the amount of money made in the meantime will be big. What am I missing?

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Originally Posted by arcticcat522

So, with the lack of investment and horrible sediment towards oil and gas, specifically Canadian, am I crazy to want to put all my assets into it? Seeing the high dividend yields and very good free cash flow with a lot of these companies, it seems like a great place to throw all of my assets. Do the "big guys" think Canadian oil and gas is going to 0? Even if it does, the amount of money made in the meantime will be big. What am I missing?

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I've been buying Canadian oil and gas stock for the past few weeks. Like you mentioned I'm sticking to the big ones that look like they can support their dividends.

I loaded up on Vermilion in the $26 range. High dividend and diversified outside of Canada. They took a big hit after RBC cut their PT.

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Originally Posted by phreezee

I loaded up on Vermilion in the $26 range. High dividend and diversified outside of Canada. They took a big hit after RBC cut their PT.

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I bought this well. Unfortunately a little too early but I'm ok with holding this one.

Added more VET today. Dividend is ridiculous. I wonder if we see a cut next week with earnings. If so I'm still willing to hold this one.

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Originally Posted by roopi

Added more VET today. Dividend is ridiculous. I wonder if we see a cut next week with earnings. If so I'm still willing to hold this one.

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Hopefully this is the bottom. I'm willing to hold as the dividend will eventually cancel out the bag I'm holding.

Funny you guys mention VET. I bought it a couple of weeks ago thinking the divi was very good, but already down 13%. Been thinking of avg'ing down, but now i'll probably just wait for earnings to see how that went.

Josef Schacter still likes it. Just bought more yesterday. Ooof today.
https://www.bnnbloomberg.ca/video/jo...energy~1738102

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Originally Posted by phreezee

Hopefully this is the bottom. I'm willing to hold as the dividend will eventually cancel out the bag I'm holding.

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From a TA point of view there is nothing to indicate this is the bottom, we are extremely oversold on the short period time frames but have increasing bear volume on the weekly and monthly candles, it has broken through last points of known support. We should see a solid bounce, but if holding long term that bounce could just be a bounce to new lower lows.

The safer play would be to sit out for a bit, watch to see a big spike in bull volume either on the daily or weekly candles, wait for a pull back to your favorite moving average and buy in.

So much for long term, hit my stop loss and I'm out at $24. Good call FunWheelDrive.

Rough day on the Vermillion train

Attachment 86989

At this point I would have set my stop loss to $20.00 that was last known support way back in 2009. If it fails to hold $20.00 could get even more ugly pretty quick.

Definitely a rough day. I added some more. I must like the punishment.

Back in at $22.xx with all the PT cuts today, it seems to have weathered the storm. The French refinery outage https://www.bnnbloomberg.ca/vermilio...-dip-1.1294041 should be a one off event.

There's still tons of room to fall but it looks like the losing streak has stabilized a bit. Moved some of my reserve funds into the market but I should really start doing my research and developing a watchlist for when/if this trade war pushes us into a recession.

What's on your lists?

XEG down 3.5% today.

Feel like that’s a pretty massive overreaction compounded with the other 10% it’s lost this week so I doubled down.

S&P however has a long way to fall until December’s lows.

The buy back leads me to believe the dividend is safe.

https://www.newswire.ca/news-release...801646207.html

The NCIB allows Vermilion to purchase up to 7,750,000 common shares (representing approximately 5% of its 155,161,464 outstanding common shares as of July 31, 2019) over a twelve month period commencing on August 9, 2019.

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Originally Posted by phreezee

The buy back leads me to believe the dividend is safe.

https://www.newswire.ca/news-release...801646207.html

The NCIB allows Vermilion to purchase up to 7,750,000 common shares (representing approximately 5% of its 155,161,464 outstanding common shares as of July 31, 2019) over a twelve month period commencing on August 9, 2019.

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While I have no comment whether the dividend is safe, companies renew the NCIB all the time. I would say most companies have NCIBs out. Whether they choose to buy back any is the important question.

What are peoples thoughts on DFN.TO?
I see it has been paying $0.10 per share per month dividend. At a share price of $8.50 that is 14% yearly return!

Is my math wrong or is this a solid investment opportunity?

As this ETF is all Canadian companies it would also depend on your outlook of Canadian economy.