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Suncor Energy Inc. (SU)
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Tourmaline Oil Corp. (TOU)
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goeasy Ltd. (GSY)
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Brookfield Corporation Class A Limited Voting Shares (BN)
Q: SU, BN, TOU, GSY all received haircuts Tuesday.
If you topped up for long-term hold, what would be the order and rationale? Thank you.
If you topped up for long-term hold, what would be the order and rationale? Thank you.
5i Research Answer:
BN, GSY, TOU, SU.
BN has the best ability to grow if we see a recession, due to its capital base available to make acquisitions. GSY is being dragged down by the financial crisis but is cheap and really should not be impacted by it much. The latter two are getting hit with commodity prices, but are cheap and offer good dividends. TOU has been hit more than SU so has more bounce potential.