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Own the Canroys to play Canada, large divs, proven production and reserves etc. I have owned since they Oct 06 massacre when SIFT crap started. HTE, AAV, PWE, PGH, recently added PVX w debt paydown from US asset sales and also own in my IRA OGF.UN, Brompton's manulife-managed basket of these. So I lose a little on the 15% tax in the IRA, bot at 5.62 US in 1/08 and it's paying .07/month or .84 yr.
Sep 05 08:56 am
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All Comments by beabaggage »Seven Canadian Energy Stock Picks [View article]
Bottom line, these are safe country assets with low transportation costs to hungry US markets. SUV sales are up with gas down, it's fall, people will be driving etc.
Canada is best play on oil. If these Canroys go down more or stay flat, will be take-over targets for sure by CN or US cos.