As an oilfield services group, Deleum’s performance is closely tied to crude oil prices. It improved when oil prices were high, but deteriorated during low-price periods (2015-2019).
Recent years have seen a performance rebound due to better oil prices. Over the cycle, the Group delivered average returns that were greater than its cost of funds. The Group is also financially sound.
My valuation based on the performance over th...

Lately, there’s been a lot of chatter about the recent earnings reports and what they mean for the US stock market. It seems two major concerns are making waves:
1. Has the AI hype gone too far?
2. Will consumer spending slow down further?
Even though profits are still solid overall, and banks are doing pretty well, these worries have knocked the stock market rally off its path. The Nasdaq 100 Index dipped 2.6% for its third straight weekly loss, especially aft...

barely dents my losses

The Bank of Canada cut its key monetary policy rate to 4.50% Wednesday from 4.75%, leaving the door open for more rate cuts. Governor Tiff Macklem said it is "reasonable" to expect further easing if the economy and inflation evolve as expected.
So what exactly is the BOC expecting?
The central bank expects a soft landing in Canada, adding there is room for the economy to grow even as inflation eases, partly because of the excess suppl...