That's really given the energy stocks a breather. All of them are having a really good day, we've had two really good days here now, and I think that means maybe the panic has subsided, at least for now.

John Kinsey

Categorized in : Company News

We are starting to see where the loan losses on the oil patch fit... by John Kinsey

We are starting to see where the loan losses on the oil patch fit in.

I don't think the expectations for earnings for (Canadian energy companies) are going to be very high, and because they were beaten up so badly that they will maybe just muddle through here.

People don't want stocks these days and they're taking every oppo... by John Kinsey

People don't want stocks these days and they're taking every opportunity to sell them.

Oil is down over a dollar and that has put all the stocks down. by John Kinsey

Oil is down over a dollar and that has put all the stocks down.

I think people are still worried about the energy loans that the... by John Kinsey

I think people are still worried about the energy loans that the banks have on their books.

The banks, I guess because of the loans they have to the oil companies, are all down quite a bit, the minerals, not to be left out, are having sympathy pains and they're all down too.

Everybody was hoping against hope on Friday that OPEC would come to its senses and manage their business a little bit better than they have been.

Oil is up over a dollar and gold is up around $7 so that's helpin... by John Kinsey

Oil is up over a dollar and gold is up around $7 so that's helping our commodities.

The market wants to go down and this commodity thing is really hu... by John Kinsey

The market wants to go down and this commodity thing is really hurting.

What happened in China was looked on as somewhat bullish, hopefully we're going to have some semblance of order in the market now, and gradually it will work its way higher.

We look on them as a safe haven and an income producer. by John Kinsey

We look on them as a safe haven and an income producer.

What we look for is forward guidance toward the next quarter and the balance of the year, a lot of the companies are a little reluctant now to give that now because everything is so volatile.

China's hurting all these commodities and if there's more of a flare up there it will be reflected in our market because it's so heavily commodity-weighted.

We're having a relapse. I'm hopeful this is a reaction to the good week we had last week, and we'll have a couple of soft days and then it will get better.

It's a bad start to the week. The minerals again are one of the culprits. Oil isn't helping ... everything's just soft.

Everything's settled down at least for one day, today, I guess, w... by John Kinsey

Everything's settled down at least for one day, today, I guess, we're going two steps forward.

Everything's settled down at least for one day. We're in this 'two steps forward, one step backwards'. Today, I guess, we're going two steps forward.

Commodities are still hurting the Canadian market. by John Kinsey

Commodities are still hurting the Canadian market.

Today might be quiet, but at some stage, there's going to be some action, because we are at the end of the month and the end of quarter ... there will be window dressing coming, the commodities are weaker because the oil prices have slid under $60 (a barrel) and are down again today, so that's got oil and energy stocks a little bit in the doldrums.

The banks reported last week and they were pretty much as advertised. Scotia is up today, but the others are all stuck in the mud.