CNQ
Canadian Natural Resources Ltd
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Forward P/E of S&P, IWM, MDY, and some stocks that look good.
Are investors on this thread more interested in Renewables or oil and gas and give your time horizon.
Oil is in a structural bull market. It's shrugging off recession concerns. Canadian E&P's are best way to play it. CNQ, CVE, IMO
Canadian Natural Resources (CNQ) is a sure buy with the fact that they're rated highly among analysts in the energy sector and they earned $3.92 per share last earnings which is big brain money and they're going parabolic 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
Dividend Effect Capitalization (Yes, with short term options)
Dispersion Trade: Buy Canadian Energy Index Options Net Long, Sell Options for the Components (Mostly Puts).
Mentions
CNQ (Canadian Natural Resources)
I’ve been selling CNQ puts for several months
If it sends Canadians stocks down again I'll buy more. Abaxx has been a fantastic stock this year. I'll buy some more CNQ at 10x earnings and a 5.5% dividend. I own Hammond Power which was up 30% Friday.
Check out UNH, CNQ, TRV. Based on how I model their IV. I believe they are under valued and are at least worth digging into to see if the qualitative data matches the quant.
Not a recommendation necessarily but lately I was buying something like CNQ at a 10x p/e and a 5.5% yield. It's not exciting and it's not without risk, but it's just a well-run energy company. Or something like CME, which offers four quarterly dividends and then a variable annual cash sweep dividend (cash above a certain level is paid out as a dividend.) People get into mREITs or BDCs and in some cases (IMHO) there is the question of what do I really own? What does the loan book of an mREIT really look like? What does a BDC really own? Not saying all of them are bad but a fair amount of these feel to me vehicles to attract yield chasers (and then some mREITs are externally managed, so a fee goes to external management every year.) Again, maybe just me/just IMHO I'd rather a 4-5% yield of something straightforward than a high single digit yield of something that's often doesn't seem entirely transparent. The other issue is that so many of these things that offer high single digit % yields don't outgrow the dividend so the price just gradually erodes over time. Nothing wrong with wanting income at all, just IMO there's a sort of "happy medium" that's maybe not high single digit % yields, but is perhaps more sustainable, the risks are clearer and you get a blend of medium income and some growth.
Venezuela supplies a large amount of heavy crude. Aside from Venezuela the biggest supplier of heavy crude is Canadian oil majors. I would invest in CNQ, CVE, Suncor, if I were to expect a war breaking down between the US and Venezuela.
this has been my strategy for the past few months. jacked to the gills on CNQ, XOM, PR, and EOG.
XIC mostly. Some FFH, BN, CNQ, NTR. ( Which XIC holds btw ). I also have XEM and XEF for Europe and emerging market exposure. Emerging has done well for.me too. I reduced my US exposure because of currency risk mostly. I think the USA is printing money pretty fast and tariffs are reducing demand globally for usd.
great time to load up on oil stocks which are also inexplicably down too if you think the downward trend in overall market might continue. EOG, CVX, and lastly CNQ if you want something more stable are at good entry points.
Go for an index. SILJ is the most behind of the big 4 miner index (gdx, gdxj, sil, silj) and gives you the most alpha I think. I also love copper miners for a can’t lose long term position (copx). Also look into energy stocks (oil, natural gas, coal, uranium). For oil I love CNQ. Awesome business with huge dividends, well run, money printer atm basically. Nat gas, I like anterro and range recources. Coal I love the upside for CNR, it looks to have bottomed and is reversing with lots of upside. URA/URNJ for uranium. These all tend to perform very well after gold leads a move up and they’re all very beaten down right now besides uranium which has been flying with the metals.
Brookfield BN.To / Loblaws or George Weston / BRK.B / CNQ for the Div 10+ year holds
It's a very good company but it's been out of favor. In terms of Canadian energy names I do like Tourmaline a bit better, but CNQ is something I've considered buying lately as I've tried to create more of an allocation towards real assets/inflation.
What exactly is it you like about the company? Because beyond the 5% div, and the covid run in '20--'21, it's done pretty much nothing in the past 10 years. . It would be hard to find a solid company that's done much worse in this market. I don't really trust the market or the eonomy going forward here so I'm uncertain about where to shift my money to at the moment. But, looking back, it would be hard to make the case that it wasn't a mistake to hold onto CNQ in this bull market.
One that fits both is CNQ. It has an amazing dividend and all the growth potential. Very undervalued compared to its piers.
You can buy dual listed stocks like TD or CNQ buy in CAD do securities transfer to USD and sell.
Oil prices on the come up as all these operators report earnings. Interested to see where things go for CNQ, EOG, MUR, and PR.
Not profitable, Overbought, Institutional aiming for -12%. This might be one, thanks. I have ROKU sell if volume increases and CNQ as a div buy.
- Defense stocks that actually have the capacity for wartime production and increasing production quickly to actually get defense spending. EX LHX NOC RTX. - Canadian or American oil producers ( not diversified, pure NA plays. Ex CNQ - us mining companies ( not diversified miners) ex MP - us chip makers ex Texas instruments Avoid Everything involving trade in SEA or China in their supply chain. Ie Nike, Avoid anything that gets a majority of revenue from China or SEA EX Starbucks Avoid Chinese or SEA stocks. Avoid travel/hotel companies. EX booking, Hilton, Marriott Avoid diversified miners especially in iron or copper ore with the main customer being China. Ex BHP, RIO. Avoid anything manufacturing related from China/SEA and focus on made in Europe or NA companies. Avoid tech companies like apple that rely on trade with China.
In Canada picked up XIC, XEF, and XEM as well as a bunch of FFH, CNR, CNQ, and BN. In my company retirement account I moved from 40% USA to 25% USA. On my USD account I focused on global exposure. V, MA, BRK.B. I was tech heavy and sold it for treasuries. Being up 300% on nvda and avgo respectively made it basically free money in perpetuity. I dropped about 25% of my portfolio on treasuries because I can see rates eventually falling. I'm not closing the door. I'm just rebalancing away.
I have a friend who works for CNRL (CNQ) and this sounds exactly like their employee stock purchase program. He maxed it out every year for the free 15%. I work for a major corporation that matches pension and RRSP contributions,ESPP, and I would absolutely jump on it if they offered a 15% ESPP. Take all the matching programs your company offers as long as you can afford to. Its basically free money, and usually comes off your paycheck before income tax.
The week I buy CNQ it drops 2 dollars 😔😔😔
I'm thinking Canadian oil CNQ, SU or IMO maybe. This will either be very interesting or super boring.
so if Ran closes the Strait. CNQ calls?
I’m a regard. I took advice from WSB to sell OXY and load CNQ instead because they said OXY has lots of assets in Middle East which could be threatened by Iran and Canada is a safer place. I won’t fall for it again I swear.
Shale oil is declining and not overly profitable at DJT target of 50dollars. That’s why drill baby drill isn’t being embraced by many or any. The rotating president or head of opec is Iran this year. Meeting in Vienna in July, should be interesting on what’s decided. Right now there is lots of oil. Actually ENB and CNQ have been going up and cutting production costs so even decent profit to a 40 dollar barrel. The saudis will support the US for sure. But no one really wants to disrupt the supply chain. Just to destroy the nuclear threat.
OXY has middle east assets and some of those may get hit, i think smthng like CNQ (canadian) or PBR (brasil) may fare better here
I couldn’t own meta as facebook has caused so many issues I wouldn’t invest in cigarettes I want a green future but I own CNQ I own EUAD as I want to see Europe find its independent defense and support Ukraine We all have to navigate what feels right
E&P names not up that much today, given the price action on oil. CNQ only up 3.3%.
Times like this are why I still have oil stocks in my portfolio. Gogo CNQ/OXY/SHEL
LNG inked a 15 year deal with CNQ for natural gas supplies. 1) it's amazing that CNQ can promise 15 years of gas. Most US fracking operations don't have anywhere near that capability. 2) LNG is trading at 17x earnings. If they keep making money at this rate for 15 years, that stock is cheap. They also have buyers contracted for over a decade.
what the freak happened to CNQ 
No one’s crying where I work with the oil price currently, we produces oil at 21 bucks a barrel. CNQ baby!
I like CNQ for oil, great dividends, monster profits.
Opened a position in CNQ. Thesis is CNQ benefitting from china demand. Strong company, nice dividend, we’ll see how it goes!
Canadian oil stocks - $CNQ, $CVE, $SU
Sold a lot of utilities and consumer staples that didn’t move during the drop and bought a bunch of AMZ, MSFT, CATR, CNQ and VFV. Even dropped a couple grand into micro strategies to grab some bitcoin gains that have tanked lately. Most popped 10% today, micro did 24%. Made about 25K, the biggest one day gains I’ve had really. Will rebalance tmro and get some back into the stable stocks just in case it wants to drop again but already futures are looking pretty good for tmro so we may get a few days of big gains and play catchup!
Sold a lot of utilities and consumer staples that didn’t move during the drop and bought a bunch of AMZ, MSFT, CATR, CNQ and VFV. Even dropped a couple grand into micro strategies to grab some bitcoin gains that have tanked lately. Most popped 10% today, micro did 24%. Made about 25K, the biggest one day gains I’ve ever had. Will rebalance tmro and get some back into the stable stocks just in case it wants to drop again but already futures are looking pretty good for tmro so we may get a few days of big gains.
In Oct 2021 i sold all my equities, moved into BTU AMPY CNQ (coal oil stuff) and was advising other people about stagfaltion and an energy crisis and was calling for QQQ to go down 40% to 240. I was mocked and laughed at and obviously mass downvoted. Then I returned 101.5% in 2022 and QQQ dropped to 254. I will be right again
The CEO of CNQ was asked about oil prices and the possibility of going back to $55 oil. They're response was that $55 pre-Covid is now about $65 (20% inflation). So in their minds we're at a point where lower prices will mean supply coming offline.
Hydro one, Enbridge, CNQ are great stocks to own for consistent growth and haven’t been hammered by the American economy getting fooked the past few weeks. Don’t take puts on these companies, they are very well run.
The move down in CNQ is already priced in at this point, in my humble opinion. It's beat up substantially but seems to have found a floor around $40 Cdn. So what does CNQ do? Start a buyback at the lower price: [Canadian Natural Resources Unveils Massive 178.7M Share Buyback Plan | CNQ Stock News](https://www.stocktitan.net/news/CNQ/canadian-natural-resources-limited-announces-normal-course-issuer-uvpxm9foql5n.html)
Hydro one and CNQ. Load up
CNQ short is doing solid. Canada oil exposure seems caught in the crossfire but who know
CNQ might be one of the places caught in the middle but who knows
CNQ NTR go down tmr and fuck we are chilling need these puts or I behind a dumpster We go
CNQ in the mid $20's with a 5.8% yield and very good (as energy companies go) management is an example of something that I'm fine continuing to nibble on if it goes lower and reinvest dividends. CNI would be interesting in the mid $90's. Some of the European alcohol names are trading as if people aren't going to drink again - Remy Cointreau, for example. Yes, the alcohol names are absolutely facing headwinds, but something higher end like Remy down 80% off the high is compelling enough to start a small position and perhaps there's eventually consolidation. Would be thrilled to get another chance to add to some of the trash collection names and perhaps if you get even a brief risk on window again some more defensive names come down. Along the same lines, ABBV currently has an RSI in the 80's and is way overbought; would be interested in that starting if it gets back under $200. The IPP names (VST, CEG, TLN, etc) aren't something I'd pile into but are starting to get interesting again. I think there's a decent amount on the shopping list and I continue to gradually - emphasis on gradually - buy. That said, I am trying to create more of a mix of growth and value/core and I think that's how I see things staying for the foreseeable future: a portfolio that leans growth but spans everything from value to a handful of smaller positions in selected very speculative growth.
Until PFE gets new management I wouldn't want anything to do with it; MRK is getting increasingly cheap but cheap can get cheaper (see BIIB.) CNQ is interesting/cheap in energy. MEDP is a good company but it's been a very difficult time for life science, CROs and a lot of healthcare - this last quarter was the first time where the backlog has gone down. Alcohol has been obliterated and while I get that people are drinking less, at some point some of this stuff like Remy (REMYY) down 80% off the high is interesting. I don't love Vail Resorts, but there's certainly been errors there and it's a compelling enough asset that could be run better in someone else's hands and $25-30 above the covid low it's kinda interesting. Couche Tard in Canada a quality business at a 52 wk low/about -21% off the highs of last year. Some of the railroads (CNI) are cheap. I'd maybe rather HSY than SJM if I was going to look at a CPG name but there's others.
Canadian oil/gas and natural resources companies. CNQ, SU etc.
Anyone thinking of buying Canadian oil puts on trump’s possible %25 tariff on Canada on Feb 1st? I was thinking of loading on CNQ on the hopes he follows through and it hits the Canadian oil markets hard. Tho there is a very real chance he could still follow through with his tariffs but exclude crude oil from the tariffs. Anyone have any thoughts ?
For the fun of it, here's Barrons 2015 picks: * ABX down 4% * CNQ up 99% * C down 10% * DE up 253% * GM up 47% * INTC down 65% * MET up 61% * NSRGY down 23% * SPG up 24% * LCC up 100% Average gain of 48% if you bought them equally. S&P gained 190% in the same period. Both excluding any dividends but I didn't include any spinoff sales in the Barron's list which would have required too much research.
TOU dividend isnt high enough for me for a div stock. I’m considering CNQ though from your recommendation. Good div and being raised every year. Looks good
I've been watching CNQ for a bit. Can't pull the trigger because of drill baby drill and obviously the tariff situation. Why are you buying now?
Bought some $DG, $GXO, and $CNQ today, still thinking about either more mexican exposure or heavier europe chips
Midstream made bank for me this year: OKE, ENB, CNQ.
"Canadian oil" Canadian oil is like anywhere else (there's some really good Canadian oil/gas companies, some okay and a lot of mediocre/worse) but I do think that the best of the bunch are moderately underappreciated. I don't know if I'd put a large chunk of a portfolio into a broad index, but it's the kind of thing where I think if I was looking for oil companies I'd look at a Tourmaline or CNQ and there's others. "This kind of growth for an S&P 500 etf can’t be sustainable, right? Up 7% in the last month?" I think there's parts of the market that aren't sustainable and there are parts that are depressed/obliterated that are interesting at this point. When the market is in 2022 and cratering nobody wants to invest and it's "why can't the market go up?" Then you have two very good years and people go "this is too much." Too many people try to predict the turn because they have a view that "this has to be the turn" - it doesn't. If people feel that they want to take some profits, great. I think sell some into strength, be patient, look to redeploy. Where people get into issues imo is that people don't sell some, they suddenly wake up one morning and decide that this is the day that they are going to dump everything because no way could it go further. Then it does and they have FOMO and then they chase. If you gradually sell little by little into strength, you minimize that risk if you're wrong and it's not that same urgency as it would be if you sold everything. I've changed a lot of my portfolio in recent months - sold a lot of what has done well (definitely not all, but a lot) and buying other things with a completely different playbook in mind.
What’s the play with CNQ? Puts till he announces tariff exemption on oil from canada? 
Good news for my energy holdings! GO T.R.U.M.P. Long - Total / Petrobras / Royal (Dutch) Shell / BP / British Petroleum and refiners, Lyondellbasell, Chemical business (Eastman Chemical) and midstream (One Ok, Enbridge CNQ) and utilities (Southern / Black hills).
I have like 35k and I'm still holding. The bull thesis remains intact - Jassy job is to improving operating margin/leverage and increase FCF. Capex spending is going up - but a lot of it is on AI and cloud which can't be ignored. If you need the money, want to derisk, or have a better idea then sell. Also added some [CNQ.to](http://CNQ.to) this am post earnings.
The only Canadian name own right now is constellation software, as I believe it is the single greatest business to own in the world. However, very high in my to buy list are: Topicus (technically European, but based in Canada) PrairieSky (oil royalty) CNQ (oil sands producer)
CNQ does have a breakeven price in the 40s. It's the only oil stock I own and thinking of adding more to it. They don't over invest in oil. 25 years of dividend raising. They'll benefit with the lower CAD. Transcanada mountain pipeline is up so they can move more oil. Chevron selling their stake in the oilsands is good synergy for them.
Interesting....I'm also curious about the oil sands number. I have to go back and double check, but I believe CNQ has a break even price around $40-42/barrel out of their oil sands. Maybe that's because they initiated things so long ago they have almost no maintenance costs on a lot of their oil. I've seen them described as a royalty company masquerading as an E&P name because of their low costs and low capex.... Found [this](https://www.petrosync.com/blog/onshore-and-offshore-drilling/) article on offshore.... It states: "Higher operational costs are due to the need for specialized equipment, transportation, and offshore infrastructure. Environmental risks include the potential for oil spills, habitat disruption, and impacts on marine ecosystems. Technical issues may include equipment malfunctions, well control problems, and the difficulty of accessing and drilling in deepwater environments." Makes sense. There's a lot of logistics involved in the ocean.
Canadian stocks, yes CNQ is owned by the owner of Calgary Flames and he has the city and province paying for a new arena while he pays pennies a year for all the profit. I wouldn’t buy any company that supports conservative governments in any province. US stocks, yes, I wouldn’t buy fox or Sinclair but I love buying gambling, cigarette, and healthcare stock that pay me dividends, shipping the money across the border to me.
"What do you guys think?" It's a microcap Canadian energy company; you probably aren't going to find many on here that are aware of it. I've never heard of it. Hope you do well and that it turns things around (stock is still below where it went public in 2005) with the new deal but in terms of oil/Canada would rather things like CNQ or Tourmaline where both are well-managed, have done pretty well in the last half decade while most oil stocks have been stagnant and the latter has paid out special dividends every quarter since 2022. More "sure things" if I'm trying to bet on energy prices moving higher that have a track record where I don't have to think about them much day-to-day.
Better to buy oil stocks if you are thinking of w3... Xom, su, CVE, CNQ etc wil provide stable income while you wait for the war with oil reserves on North American soil
CVE will be printing money 💰💰 next year... Possible easy 40 to 50 or the next CNQ
Lol then why did shopify, TD and CNQ all pump 3% today as well
A weaker dollar also helps commodities (which are priced in dollars). Energy as well. I'm kinda crushing on CNQ because you get the double whammy of ex-US company and energy exposure, but no position yet.
Thanks. Looking at DG today, it looks like I was right on. This is my busy time of the year and I don't have a lot of time to research so I'm not really looking at anything right now. The last things I bought, which I really like are TSM for obvious reasons, but I also really like CNQ. I like Canadian energy stocks right now, mostly because it looks like the highly restrictive era of Trudeau may finally be coming to an end. On top of that, the recent weakness in the oil market makes this probably a good time to invest in this. I hold CNQ and SU, and they have performed moderately well for me. This is more of a long steady hold for me. They are never going to get NVDA numbers, but they will also never shed the value that NVDA has either.
I am a conservative income investor, so I am like a fish out of water on this site. But I have been adding to my positions in $CNQ and $CHRD....a good entry point for income.
Why OXY of all the E&P names? Just curious. I'm partial to CNQ for what its worth.
Today...not much. EVVTY is still really cheap. This will either re-rate or be a share cannibal. I already have a decent position in this one and recently added. VITL is high on my buy list. Not a smoking deal, but I do think it's cheap. ODD is an odd company, but I think it's super cheap if I can figure it out more. Some energy names are decent too. MPC is a big one I own that just keeps shrinking the share count. CNQ is a great Canadian oil name. HLDR is one I'm watching on a whole, but it's really cheap. Probably not for the faint of heart though.
He said he was looking in CA. CNQ is much more likely
Confused why CNQ has dropped 4.6% in a day after positive earnings. Is it because the market for oil dropped?
Confused why CNQ has dropped 4.6% in a day after positive earnings. Is it because the market for oil dropped?
Been there as well! I’ve had a few positions that I rode down to pretty much zero. Also learned the hard way to cut losses early, esp on my speculative positions. Good plays. I haven’t heard of ASTS though, what do they do? For myself I’ve been taking increasing positions in LULU, SBUX, because they’ve been beaten down excessively imo. Also hold energy shares but mostly in Canadian oil CNQ, CVE although I also have a small position in AQN which has turned out meh 🫤. Kinda tempted to sell CSPs into OXY. Was doing that before as Buffett seemed to backstop it a few months back at below $60. So I’d sell OTM puts at around $55 that would never get assigned.
Holy smokes....This fire is really spicing things up in the met coal market. Even though I can still see an easy double for HCC in the next few years, I think I'm happy with my holdings for awhile. So at $250/tonne, is there a 1 year payback on blue creek? That's insane for a mine! However, like you pointed out, at $250/tonne it actually makes some economic sense to bring more production online, especially if a hypothetical Trump administration eases restrictions....Even then, it will be a few years to bring supply online.... Speaking of low cost producers....I was looking at CNQ again as an oil/gas producer. Oil sands production is basically a large upfront cost followed by long duration assets and very cheap production. Their breakeven price on oil production is $35 CAD ($28 USD). They were actually even able to stay profitable during covid....I've seen more and more investors starting to take positions in CNQ. They also have new pipeline capacity coming online that will enable them to pipe oil to Canadian ports. Currently they have to pipe oil to the US and get west Canada Select pricing, which is a large discount to WTI. Interesting energy play o watch.
>But we are definitely not seeing US production raging out of control, at least using leading indicators. Definitely. The most interesting bull case for oil I've been reading is the thesis that the Permian is reaching peak production and will start to decline. If it does, we're not certain OPEC can/will bring on more capacity to compensate. It jives with the theory that most Permian producers have about 10 years of proven reserves at this point. I'm not sure if I believe this, but it's one I'm researching. If it pans out, I really like the Canadian producers. CNQ has about 30 years of proven reserves and does not require much capex to bring them online.
CNQ as well! More affordable after the split with a huge upside
CNQ. Juicy dividends and O & G isn’t going anywhere
CNQ down 50 percent almost 10 percent div now and the date is next week
> So you know how much of the pullbacks are choice vs how many are declining wells? I remember CNX mentioning reducing production earlier this year when prices cratered. Natural gas are cyclical and [prices always crater around spring](https://www.ice.com/publicdocs/cmsdata/ice/images/AEA_ICE_Natgas_storage.jpg), although this year's decline was a bit extreme. As for pullback I know Anthony Chovanec, vice-president of EPD, said producers in the Permian didn't halt in terms of capturing oil-related natural gas. Going through the EIA data for each major U.S. formation, it seems that both total production and production per rig was unchanged during February-April. Of course, the data could be lagging and updated in the near future. > Also, I thought I read the Permian was seeing increasing natural gas production. Not that you can use the same infrastructure, but there is a lot of supply. Active oil wells produce a ton of natural gas as a byproduct of drilling. The drillers used to just flare or vent it as it cost them money to inject gas into pipelines. Now that LNG export makes it economical to collect, the midstream companies are [either adding or expanding pipeline capacity to transport those volumes](https://www.eia.gov/todayinenergy/detail.php?id=56800) to storage for liquification. > Canada seems to also be increasing production. CNQ has seen gas production rise and Michael Rose (well regarded Canadian oil entrepreneur) founded tourmaline just to extract Canadian gas. I hope so! Apparently Canada is [investing a ton](https://natural-resources.canada.ca/energy/energy-sources-distribution/natural-gas/canadian-liquified-natural-gas-projects/5683) into LNG projects. > I guess where I'm going.... isn't there enough supply coming online to offset declines in Appalachia? My main concern is the export projection come on top of U.S. domestic consumption. We could theoretically meet those expectations if domestic remained static, but the latter is expected to explode - nat gas is the "transition medium" to phase out coal and oil. Until nuclear gains momentum, it's supposed to be the primary energy source for future base load generation. When I look at the EIA's statistics over time, I'm not seeing the prerequisite YoY increases across all formations required to satisfy both areas. Either the U.S. can cut overly optimistic export volumes and satisfy increased local demand or vice versa. The Permian alone cannot carry this dilemma on its shoulders Atlas-style. If Permian production stalls for any reason in the next half-decade, there will be a big mismatch.
So you know how much of the pullbacks are choice vs how many are declining wells? I remember CNX mentioning reducing production earlier this year when prices cratered. Also, I thought I read the Permian was seeing increasing natural gas production. Not that you can use the same infrastructure, but there is a lot of supply. Canada seems to also be increasing production. CNQ has seen gas production rise and Michael Rose (well regarded Canadian oil entrepreneur) founded tourmaline just to extract Canadian gas. I guess where I'm going.... isn't there enough supply coming online to offset declines.im Appalachia?
Brookfield BN vs BAM Can those with more knowledge on these 2 tickers give some input on if I’m missing anything. I’m a long term 10yr+ invest & hold style investor. I’m looking to see which will give me the best return long term. I know BN corp holds all their tickers under them. I also know they just secured an insurance company which is projected to boost their revenues quite a bit But on the other hand I know that BAM is an asset manager which is sitting on a lot of cash reserves with 0 debt at the moment. What are your guys thoughts? And for some background my current portfolio is VFV, VDY, AAPL, TSM, TD, MFC, ENB, CNQ, ATD and CASH.TO. All spread between a TFSA /RRSP Thanks all!