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lorneb

lorneb
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  • Harper slams the door on regulating Canada‚Äôs oil and gas sector [View news story]
    goolneb,

    There is something very familiar about you're two above posts. Ah yes, now I remember, they are word for word from my post @3.51 AM on Nov.22/14 re the subject "Energy East pipeline faces new demands from Quebec". Obviously you liked what I said. Thank you for the compliment.
    Dec 11, 2014. 12:59 AM | 1 Like Like |Link to Comment
  • Consider Canadian Banks For Your Dividend Growth Portfolio, Like Bank Of Nova Scotia [View article]
    So, Craig you wish to use the word downgrade to have one meaning only as from buy to hold or from hold to sell which is a typical interpretation in the investment world. However to change a view from positive to negative or to less positive is to downgrade ones opinion from positive to less than positive. If you consider a grade of 10 but then reduce it to a 9 or lower you have downgraded your opinion. If you say something is all good but then change your opinion to whoops let's watch out, that also is a downgrade in your feelings. Do you really think this is such an important issue that you wish to argue?

    If I were to write a detailed review for you saying why I disagree with S&P's conclusions you would then be faced with the dilemma "now there are two differing opinions each with differing but supporting arguments, which one should I believe to be most acceptable?". You would then have to do some research to determine that or hope someone else would give you reason to believe one or the other, then who of the three is right? I simply advised you to not blindly accept S&P's report and to do some research yourself. The only research you can trust is your own. It should be obvious that I disagree with S&P's opinion. It was cautionary for your benefit. Your question was typical of that which one could expect from either a beginner or a person hoping someone would give them an answer because they either don't know how or don't want to do some digging.
    Do you really want to carry this ridiculous argument further?
    Dec 5, 2014. 01:23 AM | Likes Like |Link to Comment
  • Consider Canadian Banks For Your Dividend Growth Portfolio, Like Bank Of Nova Scotia [View article]
    Craig,
    Re your:-'Please indicate where I was saying that S&P's views should be "blindly accepted" or "taken on faith"!!! Also, please note that S&P did *not* "downgrade" the Canadian bank stocks; it placed them on negative watch, which is not the same thing.'
    I did not say you said "blindly accept" or "taken on faith"!! Those were my words. As for placing an entity on "negative watch", it has the same effect as downgrade.
    We can argue over semantics if you wish but the result is the same.

    I could give you detailed reasoning behind my beliefs but that would be doing nothing more than what analysts do when they give an opinion. You still have to do your own investigation otherwise you are going on "blind faith".
    Dec 4, 2014. 04:07 PM | Likes Like |Link to Comment
  • Consider Canadian Banks For Your Dividend Growth Portfolio, Like Bank Of Nova Scotia [View article]
    I consider S&P's reaction to the subject of proposed "Bail In" provisions to be an excessive unwarranted knee jerk reaction. While it may be worthy of some consideration I cannot see it being justification for a "downgrade".

    As for S&P in general, I have over many years read a lot of their reports and tend to consider their reports as I do others, just more insight and "food for thought". By that I am not suggesting S&P's words are not of value. It is just that I don't believe from experience that I would blindly accept their views either. No matter how respected any one or any organization is there are always errors in judgement.
    I recently attended a luncheon where the topic of discussion included the Canadian banks. It is interesting how apparent experts have differing opinions about the same subject. At least I know who those individuals are and their qualifications whereas I have no idea if the S&P report was prepared by a junior or----?, nor do I know how carefully the report was vetted before publication. I generally have more faith in my own judgement after considering several points of view from numerous sources.
    I have never had reason to fear the quality of the major Canadian banks although there are some for which I have a preference.
    Please remember, my comments are only my opinion so please consider them as such.
    Dec 4, 2014. 04:07 AM | Likes Like |Link to Comment
  • TransCanada suspends terminal construction on concerns for beluga whales [View news story]
    Just to add to your questions to the Aboriginals and tree huggers:-
    Where will all the money and services you personally get from the Gov't come from when the revenue from the oil and gas and other industries dries up? All you are accomplishing is shooting yourselves and everyone else in the foot. You might try thinking about the whole picture. Without those industries there goes your health care. and all other things you take for granted and get for nothing. How do you answer that? Think about it!
    Dec 4, 2014. 12:57 AM | 1 Like Like |Link to Comment
  • Consider Canadian Banks For Your Dividend Growth Portfolio, Like Bank Of Nova Scotia [View article]
    I don't think I would put blind faith into what S&P says. Do a bit more research. I'm long several Cdn. Banks including BNS
    Dec 4, 2014. 12:46 AM | Likes Like |Link to Comment
  • Kinder Morgan Loses Injunction Against Protestors: So What [View article]
    strov.....,

    Thanks, that is one I do not recall.
    What I find curious is that a major high pressure line was beneath a housing development. It seems there were a number of authorities as well as the company that were probably at fault. While I believe todays construction methods and product quality is much higher than it was I am not so foolish as to think there is zero risk. Developments, residential or otherwise, should never be built over a major high pressure line. Today we have much better processes and methods in place to reduce risk than existed during the past.
    Dec 2, 2014. 01:21 PM | Likes Like |Link to Comment
  • Kinder Morgan Loses Injunction Against Protestors: So What [View article]
    Hey basr518,
    How many people have been killed by a pipeline? None that I recall. I have a pipeline in my yard and I love what it provides for me. What is your computer made of and your cell phone and your etc.-------? What is your house heated with and how does it get there if not for pipelines or vehicles that rely on petroleum to power them? Nat gas is not dirty. Have you ever seen it or used it?
    Dec 1, 2014. 09:17 PM | 4 Likes Like |Link to Comment
  • Kinder Morgan Loses Injunction Against Protestors: So What [View article]
    If the protestors really wanted to accomplish something they would go after three things; 1./ quit using things manufactured or transported with petroleum. 2./ go after the manufacturers and try to cause them to improve the life expectancy of products. 3./ try to convince people to use products till they are worn out instead of replacing them every time a new minor modification comes out. Our throw away society is one of the greatest causes of wasted energy consumption. Remember the Maytag Man?-----laundry machines used to last 20 years and more before wearing out and that was typical of many appliances. What is the life expectancy of appliances today?---a whole lot less! Why, because it's called creating a demand in order to grow sales.
    Eliminate the excessive amount of manufacturing and you reduce the amount of energy needed, hence less petroleum production equals less pipelines.
    I do not get why the so called environmentalists, if they really want to accomplish their goals, don't get it. Go after the cause and the problem will go away. You're trying to do it ass-backwards guys and it ain't gonna work!
    Dec 1, 2014. 05:09 PM | Likes Like |Link to Comment
  • Kinder's Trans Mountain: The Lowdown On Aboriginal Uprisings [View article]
    Zheeem,

    Actually I was wanting a reply from Denis. If a writer can back up his statements with demonstrated knowledge he is more credible.

    I too want companies to be extremely diligent, so I believe do the environmental agencies. I trust them much more than I trust my own or other individuals ability to measure and weigh all the facts
    Nov 25, 2014. 05:54 PM | 1 Like Like |Link to Comment
  • Kinder's Trans Mountain: The Lowdown On Aboriginal Uprisings [View article]
    Denis, would you tell us what is the specific gravity compared with water of the product you call tar that will be shipped in the pipelines you are concerned about please. Would you also tell us what the solvents are that you say are poison and will dissolve in water.
    Thank you.
    Nov 25, 2014. 04:24 PM | 1 Like Like |Link to Comment
  • Kinder's Trans Mountain: The Lowdown On Aboriginal Uprisings [View article]
    And from a heck of a lot of equipment that is manufactured in Ontario.
    Nov 24, 2014. 05:57 PM | 1 Like Like |Link to Comment
  • Kinder's Trans Mountain: The Lowdown On Aboriginal Uprisings [View article]
    in sinc,

    Nice to see your informed comments here!
    Nov 24, 2014. 04:42 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan begins test drilling on Burnaby Mountain [View news story]
    NKM,

    Quote from your referenced article " she thinks that the Kinder Morgan subsidiary, Trans Mountain Pipeline, is, in effect, "defying the court process""

    The key words are "she thinks" . That does not make it fact, it is merely one persons opinion which is just as easily wrong as right.

    Also would you tell us if you need any of the thousands of products that are manufactured from oil or natural gas. Can you live without oil or nat gas? If so please enlighten the world and we will probably agree with stopping pipelines.
    Nov 23, 2014. 10:00 PM | 1 Like Like |Link to Comment
  • Kinder's Trans Mountain: The Lowdown On Aboriginal Uprisings [View article]
    I agree with some of the authors statements. I have not looked into all his claims but the comment; "as well as its span through untouched wilderness" is not correct. The proposed new pipeline will in fact follow for hundreds of miles within the existing corridor of the original which was built during the mid 1950's. There will be some deviation from that route but it is minimal by comparison with the whole.
    Another comment " and will surely disturb their land and lives; " is questionable just how much disruption and change will take place. I submit that it is minimal.

    The real issue is emotion on the part of many and in the case of the natives it is most likely a part of negotiation tactics to strengthen their argument in favour of all Native Bands getting a "piece of the action" whether or not it affects them in any way. Do not kid yourself, the Natives want and are fighting tooth and nail to maximize their benefits in any way they can. They are not doing this out of love for the environment alone, that is just an excuse. In one discussion I recently had with a Native fellow on a reserve regarding their attitude towards one of the pipelines he said: "there are those who are in favour and those who are against them, there are strong negotiators on both sides, when there is enough money on the table those who are against will then be for".
    Nov 23, 2014. 05:21 PM | 8 Likes Like |Link to Comment
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