I believe it will get worse before it gets better. I think they're going to have to continue to make provisions in the next quarter. Even oil prices moving back into the $50 level isn't going to float all the guys that have difficulties right now.

David Cockfield

Categorized in : Company News

Markets are going to wander a little here. I don't see any trend up or down, it's going to be sideways, our view is we're still going to have fairly volatile markets.

David Cockfield

We're into a resistance zone here, a little sideways moment, maybe even a drift down, is probably justified here.

David Cockfield

The wall of worry remains. Anything that destabilizes Europe is bound to have repercussions around the world, the market is rudderless.

David Cockfield

We've had a good little run. So we've got to do a little backing and filling here, the big swing element is the oil sector. It's quite unpredictable.

David Cockfield

We're in a digestion stage. These are big moves on the part of the central banks, i'm relatively positive on the long-term outlook.

David Cockfield

Oil doesn't seem to be able to find any point where it can stop falling. We really have to see the price of oil consolidate somewhere, the TSX is going to continue to flounder until we see some light at the end of the tunnel as far as the oil stocks and oil prices are concerned.

David Cockfield

The psychology is extremely negative. We're back into panic mode, the market in Canada is becoming more and more irrational.

David Cockfield

People are selling because the market is down and they think it's going to go down further, they're probably going to be right because they're selling.

David Cockfield