Historically Speaking

Monday, January 14th, 2008

So we’re going into a recession. There are few out there who have not yet accepted this, and the only thing left to debate is whether we’re already in a recession, and how deep the pain will be.

There are several periods in time when, as investors, we’ve been backed into a similar corner. Perhaps like many of you, I’ve never personally been through a recession with a highly vested interest in the outcome, but there are a vast majority that have.

Recession, the ’90s Version

If you were around in the recession during 1990 and into 1991, you might be …


Provident Energy: I see a trend.

Friday, December 21st, 2007

My Provident Energy Trust (PVX: chart, web, Y!) has been on the slide since the beginning of November. I can’t figure out why.

The only conclusion I can come to is that it’s attributed to end of year tax selling, but that theory only makes marginal sense. After all, PVX is continuing its CDN$0.12 monthly dividend, and fundamentally, I don’t see why they’d drop the distribution any time soon. Crude oil ($wtic: chart) is still North of $90 per barrel, and natural gas ($natgas: chart) is holding above $7 per MCF….