by Arnold Joe
Loading ...Looks like oil and gas stocks weren’t immune to the stock market crash as I had been hoping. As has been written a number of times on this site, it was expected that markets would crash but it was hoped that oil stocks would outperform as record earnings were expected given that oil prices in […]
There have been a lot of things happening in the markets recently but it all goes to support the stagflation is here argument. It seems every inflation indicator shows that inflation is getting worse (i.e. higher) regardless of which country is reporting. At the same time, most countries are also reporting weak growth. Today was […]
Economics:
Stock markets in North America have been taking a beating recently especially the oil and gas sector. Oil has dropped about $10 in 2 days and oil stocks have sold off to much lower levels than when oil was last back at this level. It’s not just oil and gas stocks that are selling […]
The price of oil increased $5 to $139 a barrel another record, not surprising the stock markets were down; surprisingly oil stocks were down as well. It’s certainly interesting times when the Dow Jones is at a 21 month low and oil is at an all time high. I bought call options on Petro-Canada (T-PCA, […]
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 […]
