Quote:
Originally Posted by Table 5
Boy, I can't wait till all you guys liquidate your assets, so people like me can come in and buy them up cheap for the inevitable pendulum swing a few years later. Do people really think the NDP would be in power forever?
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Liquidate is the wrong word. If you work in Oil and gas you can almost be certain that if you have options that expire within the next 2-3 years that they won't be worth more over their lifetime in a Jack Layton run Canada (Heck even a 10-15% price drop would erase all of the value of some peoples stock option plans). Might be a good time to take profit from those things. Also if you own a lot of junior oil and gas stocks, they might not make it in a cap and trade world. Even larger companies like CNQ have heavily built in cash flow multiples that are likely to tumble more than companies like IMO.
I would characterize it more as a shifting of assets in the portfolio before the price shocks that will ensue from a non-confidence vote, a cap and trade proposal et al. There will be a time to move back into those stocks after they have plunged in value.