I guess GE put in a early spurt to take that trophy today...
I think PWE is so much better a buy than GE, which still faces untold danger from the swaps debacle.
We need folks to understand that those who have REALLY done their homework will find a great pearl in PWE.
We just need the natural forces in the market to tighten up the supply and have the price of BOE drift higher. I don't see any major shooting up of oil prices given the spare OPEC capacity, but I think that there is a fighting chance of seeing oil north of $50 later this year - although I expect that $50 will be a line of resistance.
China faltering is the only major factor that worries me. The rest of the world will suck up the cheap gas. I am hoping that the Chinese stimulus package will keep the midnight oil burning... literally!
Neither one. They are both very healthy companies. In a year, you'll be kicking yourself for not buying them at these prices.
The GE Capital unit lost 8 billion dollars last quarter and is being kept alive by the rest of GE. This is what is driving GE Down. However, GE still has its AAA rating from Moody's and is larger than most countries. 8 billion dollars to GE is not that much money. PWE was dragged down by oil prices and the drop in the Loonie. Canada is an oil economy so when oil prices drop so does their currency. This hits PWE double hard. The reverse of this is when oil prices rise, so does the currency so PWE can recover in value very fast. PWE, even with oil at $40, is still a profitable company and it's shares are at bargain prices.