COM DEV INTL LTD (CDV.TO)

I added some CDV.TO here at a bit under $5.0. I have traded this name in and out a few times in the past. It appears to me that it is being dragged down by energy stocks on the TSE. I believe the decline is over-done and I am very comfortable with it under $5.0. If this bounces to $5.5 level, I probably will trim.

Energy stocks have fallen by more than 10% in the past six sessions. While I have been warming up to energy names, I am not pulling the triggers yet as I believe the crude still have some down side risk. But the energy names look more and more interesting.

Position: Long CDV.TO