Fortune Favours the Brave

April 6, 2018

As today is National Tartan Day, I thought it suitable to reflect on two common Scottish references—bravery and independence.  In light of the further market turmoil created by the US Administration’s desire to risk a trade war and go after Amazon, investors are being tested in their ability to stand brave in the face of volatility, while the market itself tries to find its independence from the policy furor. Read More…

Pipelines Just Can’t Catch a Break

March 29, 2018

Conservative equity investors used to be able to count on Canada’s pipeline companies for relative stability compared to pure energy plays and solid dividends.  This seemed to be the case since 2000, but in the last four years a confluence of bad policies, competition from rail and pressure on Canadian oil and gas prices relative to global benchmarks has led to sharp swings. This month has been no exception. Read More…