Quote:
Originally Posted by Top Shelf
I heard Encana and Cenouvs got their debt rating cut to Junk status. That can't be good...
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It's not news. Bond markets have been pricing this in. The ratings agencies lag the market. The individual bond issues are down a dollar or two but they've been crashing for months.
Market leads, and then analysts, economists, pundits, ratings agencies follow. By the time everyone has their doomsday hats on, and investors are out of the market, it's already coming back up. You see it time and time again but nobody remembers.
Quote:
Originally Posted by OldDutch
Downtown is one giant money pit in general, and it isn't going to get better, especially for Canadian companies who are getting thrown rocks while asking for help.
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This is purely anecdotal and ambiguous. What time horizon are you talking about? First half of this year will be heavy but look to the back half for a recovery. It's a cyclical business and it's always darkest before the dawn. Not sure what you mean by 'Canadian companies asking for help'.