If the price of oil gets back into the $ 50-60 range, then at least you're going to see some of the guys that are in trouble be able to sell properties. I think that will encourage the guys with money in their pockets to step up, but we may not see that until 2017. These are lingering problems.

David Cockfield

More Quotes by David Cockfield
Categorized in : Company News
More Quotes From David Cockfield

It is not a good thing for the exchange or the investors. It is lost business for TMX and lost credibility. It makes investors look elsewhere.

David Cockfield
top-news

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
company-news

I am positive on the banks. Their oil and gas exposure is not huge and their loan experience has not been that bad, if oil is still at $40 six months from now, I would definitely become more concerned.

David Cockfield
company-news
If anybody thought it was somehow going to get approved, boy, I d... by David Cockfield

If anybody thought it was somehow going to get approved, boy, I don't know what planet they were on.

David Cockfield
business

This market has done this before. You really don't have to have a major reason - once the selling starts, it accelerates. And the buying is the same, it's volatility and a tendency for people trying to follow the market rather than just invest ... they jumped all over the mining stocks.

David Cockfield
company-news
This may be only the tip of the iceberg. You're going to see this... by David Cockfield

This may be only the tip of the iceberg. You're going to see this continue and develop.

David Cockfield
energy

China's probably going to have a 5 or 6 percent growth rate. It's a managed economy. It's not your free enterprise economy, and they will get their growth one way or another, i just don't see a huge impact.

David Cockfield
company-news

I just don't see a huge impact, it's probably wise on their part to do that if they want to keep (their economic growth) at 5 or 6 percent.

David Cockfield
company-news

China's probably going to have a 5 or 6 percent growth rate. It's a managed economy. It's not your free enterprise economy, and they will get their growth one way or another, i just don't see a huge impact. It's too far away ... It's probably wise on their part to do that if they want to keep (their economic growth) at 5 or 6 percent.

David Cockfield
company-news
I just see panic in the Canadian market, there's a lot of sound a... by David Cockfield

I just see panic in the Canadian market, there's a lot of sound and fury, but no real rationale.

David Cockfield
healthcare

It's basically a positive for the banks. That potentially should improve their spreads, you can't fault the (central) bank for it, given the numbers are coming in as they are.

David Cockfield
company-news
You can't fault the bank for it, given the numbers are coming in... by David Cockfield

You can't fault the bank for it, given the numbers are coming in as they are.

David Cockfield
company-news

I think a lot of people are just sitting on the sidelines, seeing what happens next ... The markets had declined in anticipation of what happened, all the concerns are really the over-the-horizon, if Greece goes, does somebody else go in the euro zone? It's more theoretical than real.

David Cockfield
company-news

The market has been quite volatile. It can be up 100 and something points a day, and down 100 and something points a day. I see no significant factor out there, you often find that if people are going to be sellers, they'll pick on the financials, because they're easy to sell.

David Cockfield
company-news

Despite the negative outlook ahead of the earnings, the banks have come through, the rising interest rate environment should be supportive to the banks.

David Cockfield
company-news
This is an ideology that is not corporate-friendly. by David Cockfield

This is an ideology that is not corporate-friendly.

David Cockfield
world

Financials have been fairly weak ... it looks like the worst is over, in this kind of market, and you've got extra cash that's earning you nothing, the banks look reasonably attractive.

David Cockfield
company-news

The price of oil really helps. It was a big driver for the market. ...(Iraq)'s probably got people a little worried.

David Cockfield
company-news

The economic horizon has definitely darkened over the last six to eight months with the oil collapse, it's bound to have some sort of impact when a big chunk of the TSX is under a cloud.

David Cockfield
company-news

This is the sort of market we're anticipating. A lot of nervous investors out there. We expect to see volatile markets.

David Cockfield
company-news