by Arnold Joe
Loading ...Looks like I was wrong about BCE Inc options being mispriced as the stock did trade higher on Monday but the high was only $38.12 Cdn. I thought BCE would trade between $38-39 Cdn, but instead the trading range was closer much closer to $37. Since the Telecom sector isn’t something I’m familiar […]
Friday was an interesting day for BCE Inc (T-BCE, N-BCE) as the Supreme Court of Canada was scheduled to make a ruling either to allow the take over to proceed or to allow the bond holders appeal to succeed. BCE is the target of a friendly takeover at C$42.75. The ruling was scheduled […]
Stock Portfolio:
Today I bought call options on BCE Inc (T-BCE, N-BCE) with a May expiry when the stock was trading at $36.10 USD. BCE is the object of a friendly takeover at $42.75 Cdn, which means it trades at a fairly steep discount of around $6.00. The stock was down on news that a filing […]
Interest Rates:
Bank of Canada did as expected and cut interest rates by 0.50% Analysts are still expecting at least another 25 point cut at the next meeting.
Commodities:
Crude oil was up again setting another record high at $119 a barrel. China reported that Angola overtook Saudi Arabia as the top supplier of oil in the […]
