Basically for Canada, we're seeing stocks dropping back pretty much in tandem with the pullback in U.S. stocks today ... It's not unusual to rally up to something like that and then pull back as people decide to take profits. Colin Cieszynski More Quotes by Colin Cieszynski More Quotes From Colin Cieszynski It's encouraging, it's great for today's trading play, but does this mean that oil has bottomed once and for all? Probably not, it's fairly oversold and we're getting a rebound that was overdue. Colin Cieszynski company-news The market is pretty indecisive. People really don't know what to do here, we've got this big event on Thursday and nobody wants to get too far overextended in either direction ahead of that. Colin Cieszynski company-news It's pretty bleak. This is a once-in-a-generation selloff in the crude oil price, i don't think we've seen all of the adjustments work their way through, whether it's changes to capital spending, dividends and costs to reflect the new reality. Colin Cieszynski company-news With the slide in energy, investors have become bearish towards Canada. Eventually that will straighten itself out, but it could take a while. Colin Cieszynski company-news The banks are starting to miss on earnings. I'm cautious towards the Canadian banks at the moment, you've got the three pillars, energy, financials and materials, under stress. Colin Cieszynski company-news This is just a straight follow-through from yesterday. I'm not convinced that the oil price selloff is finished yet, as the realization comes in that we are looking at a lower price environment that could persist for a while, you'll see that it will have significant impact on the producers. Colin Cieszynski company-news
