Official Long-term Investments Thread

[woodywoodford]

dp

[woodywoodford]

Originally posted by CapnCrunch
Thinking of taking a long position in BP.

They're making lots of money, the dividend is nice and high, really low PE ratio compared to other oil co's, and they're almost out of the woods with the spill. Maybe $40.50-$40.75 for an entry point.

I was thinking about BP the other day. Seems like the consensus is you can buy it for cheap due to settlement risk, but realistically the company should have enough FCF at this point to cover any settlements without further divestitures. And with global energy demand only gonna grow, it's hard to say no to a multinational at these prices.

Edit: balls, didn't realize how old that post was lol

[bmeier]

Liking BP too.

question for you guys how do you fund your USD trading accounts? The spread of some brokers seems quite high, do you go through your banks?

[z24_wheels]

Any thoughts on Sprott Resource Corp as a long term hold in a TFSA?

[woodywoodford]

Originally posted by bmeier
Liking BP too.

question for you guys how do you fund your USD trading accounts? The spread of some brokers seems quite high, do you go through your banks?

I'm with RBC and have always just funded into my TFSA and taken whatever spread they give me. I believe they use this table so the spread would be $0.0592.

RBC Currency Converter (Cash Rate Table)

[woodywoodford]

Damn, EOG down 4%. Bloody analysts.

[bmeier]

Originally posted by woodywoodford


I'm with RBC and have always just funded into my TFSA and taken whatever spread they give me. I believe they use this table so the spread would be $0.0592.

RBC Currency Converter (Cash Rate Table)

Lol I guess I must be cheap... I am converting a fairly large amount of money and calforex is beating my banks spread by a substantial amount so its worth the extra hassle to save money.

I did comparison for questrade, TD Bank and calforex. Questrade and TD were pretty similar but calforex was much better than both of them...

[JLau]

how many of you bought e series funds from TDwaterhouse? any feedbacks?

[bmeier]

Originally posted by JLau
how many of you bought e series funds from TDwaterhouse? any feedbacks?

they are pretty much the best in terms of expenses but you can still do better buying ETFs using questrade.

[CapnCrunch]

Originally posted by woodywoodford


I was thinking about BP the other day. Seems like the consensus is you can buy it for cheap due to settlement risk, but realistically the company should have enough FCF at this point to cover any settlements without further divestitures. And with global energy demand only gonna grow, it's hard to say no to a multinational at these prices.

Edit: balls, didn't realize how old that post was lol

You must be good luck. It's had a nice run since you posted about it lol.

[ExtraSlow]

OK team, I need a little help with the analysis on this one. DVN reported quarterly earnings this morning that were higher than analysts estimates, good growth in oil production, no large increases in debt or decreases in cash reserves. In my opinion, it was a great quarter.

Stock is down nearly 4% on the news, and not trading in line with it's peers, so I have to assume there are no macro forces at work.

What gives? What is the market not liking about this?

[woodywoodford]

Originally posted by CapnCrunch


You must be good luck. It's had a nice run since you posted about it lol.

After this last week, my portfolio tells a different story lol

[in*10*se]

here's my 52-week recommendation - CJ.TO
junior yield E&P
production ~6000boe
+85% oil
operating netback above $30/boe
low declines ~15%
high working interest ~84%
D/CF of less than 1.0 (good balance sheet)
total payout ratio ~60%
Management team with a decent track record
Just IPO'd.

Merry Christmas beyond.

[ZenOps]

Just thought it was worth mentioning:

Someone bought $753 million worth of copper futures contracts on the LME a couple weeks ago. That would basically be the majority of the planets available copper.

It was one person, or one entity that did it.

[ExtraSlow]

yeah, but where did you get the $753 million to do it bro? Even with some leverage, that's a hell of a buy.

[ZenOps]

Most larger metal players work backwards from money.

Meaning they buy shorts and contracts (bars of copper) and then use cash to settle - if and only if they have to settle.

Its very rare to just pull up a dumpload of money and buy metal. What is sometimes done is acquiring short contracts and then filling them with cheaper contracts later (if one thinks the price is dropping) Its considered "good form" for a new player to buy at least a few thousand tonnes (with US dollars) as an act of good faith.

However, No actual US dollars or any paper dollars need be used. The dollar value is just used to give others an idea of assumed value.

Gold, silver, nickel and copper are money afterall. If one investes in metals properly, you should never have to use dollars.

[quick_scar]

Does anyone know who the buyer is?

[Sugarphreak]

...

[rMBA13]

I currently own the following stocks in my portfolio
- HSBC Holdings (HSBC)
- PepsiCo (PEP)
- Westpac Banking (WBK)
- China Mobile (CHL)
- First Capital Realty (FCR.TO)

I am also planning to buy Rio Tinto (RIO) if it goes down to $50.50 tomorrow

[FinLit]

Totally agreed long term investments help a lot at the times when you require them mostly yes short terms help our upcoming future plans too but long term take care of both the things we are planning and also for the things which are planned by the life for us.