Tag Archives: investment

This energy stock is a long-term option on an oil recovery

An oil pump jack pumps oil in a field near Calgary. (© Todd Korol / Reuters)

I do not invest in options or derivatives on behalf of clients as they always seem to expire a little too early. However, periodically I find a company that represents a de facto, long-term option on an asset. Enter MEG Energy Corp., which owns a 100-per-cent working interest in two oil sands projects in the southern Athabasca region of Alberta…
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AmEx Raises Credit Card Rates, Cuts Jobs, Faces Pressure From Visa And MasterCard

American Express made two announcements last month: First, the financial services corporation will be cutting over 4000 jobs companywide. Second, interest rates will rise for over one million AmEx cardholders. This is following increased competition from Visa and MasterCard, reports that AmEx has been losing their wealthiest customers, and recent industry rumours that Costco and […]