Q: Hi team,
What could be the implications for this company with Trump's 10% tariffs on Canadian energy? TVE is very profitable with oil prices at these levels but it's stock price has taken a hair cut over the last two weeks.Would it be "wise" to dollar cost average now or wait for the dust to settle?
Many thanks from a "not so happy shareholder"
Jean
What could be the implications for this company with Trump's 10% tariffs on Canadian energy? TVE is very profitable with oil prices at these levels but it's stock price has taken a hair cut over the last two weeks.Would it be "wise" to dollar cost average now or wait for the dust to settle?
Many thanks from a "not so happy shareholder"
Jean
5i Research Answer:
We doubt tariffs will last on oil, but with its recent decline and at 5X earnings we think TVE has fully priced in the concern on tariff's direct impact. BUT..it is possible we see a recession and lower oil prices. We would be OK slowly accumulating, but would see no huge rush here while investor concerns play out.