TD, CIBC report higher first-quarter profits in spite of challenging environment
Read more:
http://www.vancouversun.com/business...#ixzz41I6ubnjD
Good for me, now they will continue to cut exposure to the oilpatch and earning and dividends will continue to increase. Everytime these stocks get hammered I just come in and buy and buy at the lows, cause when the yields start touching 5.5% thats ridiculous... And I'm gonna make some money on that.
Over time the banks will disconnect themselves from the oilpatch and I won't have to deal with these fluctuations, but in the meantime, I'm gonna do my best to profit from this crazy volatility.
This is my play for oil
UWTI