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This week, we want to look under the covers of a couple of our holdings in the energy sector. One is Baytex Energy (NYSE and TSX:BTE) and MEG Energy (TSX:MEG and OTC:MEGEF). MEG Energy MEG is an established Western Canada oil sands pure-play investment that has: already invested the capex

Are Goldminers Over-Hyped?   Rather than a follow-up on last week’s Oil and Oilers report, which we now plan to do next week, we think there is substantial interest occurring in Gold and Goldminers that we would prefer to comment on this week. Bottom line: Our outlook is neutral with

Commodities : Taking A Look At The Neglected Oilers Crude Oil WTI Futures, which closed the week at 47.29, failed to achieve our break-out level of 47.73, but close enough for us to believe that next week may be the one to do it. By that we mean oil prices

According to Baker Hughes data, the overall US Oil & Gas drilling rig count has declined for the fourth straight week and the sixth time in 9 weeks, reversing the drilling uptrend that lasted from the week ending May 27, 2016 through July 28 this year. During the week ended

Looking Into Our Crystal Ball Contrary to the title of this Commentary, we will not be making any audacious timing calls today. Timing any market is difficult in normal times. But when traditional valuation metrics and macro indicators fall impotent in central bank administered markets, timing anything is a crap

U.S. Top Stock Picks   As if it should have come as a surprise. The sharp sell-off of the prior week, driven by geopolitical concerns surrounding North Korea, set up the umpteenth buy-dip-as-quick-as-you-can event seen since equity markets went ballistic with central bank lower-for-longer monetary policies. This time, a -1.7%

European Top Stock Picks   After eight years of central bank endless liquidity, passive investing has become all the rage. The tidal wave of Federal Reserve, European Central Bank, and Bank of Japan quantitative easing liquidity has lifted all boats, both rickety and seaworthy. Vanguard, the index fund leader, has

Gold Price Still Lacking A Fundamental Driver with the contribution of Bill Cara With gold advancing to a 6-week high, we consider briefly the current fundamental drivers behind precious metals, and therefore the probability of this becoming a sustained move. Precious metals are showing some buyers coming back, but we

Thirty-five years ago, during my time as a portfolio manager for Canada’s leading wealth manager, I developed a short presentation on technical analysis for groups of prospective clients. Never did I fail to deliver the message that interpretation of squiggly lines is rather subjective – beauty is in the eyes

Why invest in Copper and Oil? It’s the economy, stupid. Economic growth is a driver of consumable commodity prices of which Oil and Copper are the most important. And as I see it, the China PMI Manufacturing Index is an excellent leading indicator of global economic growth. The graph of