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  • David Cole

    David Cole

    As a managing director of Newport Private Wealth, David Cole focuses on providing individuals and families with investment and wealth management services. He has nearly 20 years experience as a portfolio manager and investment counselor.

    Since 1992, David has been involved in the start-up and growth of asset management companies. From 1992 to 2003, he was a principal and partner in a boutique investment counselor firm, which grew from $25 million to over $400 million in assets under management. In 2000, David also provided start-up capital and strategic advice to Timbercreek Asset Management, a multi-family residential and mortgage management company, which has grown to over $1.5 billion in assets. David currently sits on the advisory committee of a 5000+ unit Timbercreek apartment portfolio.

    David attained his BA in Economics from Wilfred Laurier University in 1992 and his CFA designation in 1998.

    David can be reached by email at dcole@newportprivatewealth.ca.

    Why the deep freeze is good for your portfolio

    Apart from the Olympics, the most popular shared experience these days is talk about the weather. To be specific, the bitter cold that has hit most of Canada – and given rise to the new and now popular term, ‘polar vortex.’ However, there is a silver lining to these snow-filled clouds – and not just for those who enjoy winter sports.

    Demand for natural gas has risen appreciably with the decline in temperatures. And that’s good for investors like ourselves who took a contrary view back in 2011 when the commodity was deeply out of favour. At the time, in North America, natural gas was trading at approximately $1.80 per one million British Thermal Units (BTUs) and producers’ stock prices were depressed.

    But for investors who took a longer-term view, a different picture was emerging. One that held the potential for significant profit.

    [read more >>]

    When will natural gas prices turn?

    Record warm temperatures made for a comfortable Canadian winter this year. But they’ve caused a chill in the energy market. Particularly natural gas prices which dropped to a 15 year low.

    What’s the cure?

    “Low gas prices” is the standard response from industry experts. Low prices spur demand and cut off supply. It’s just a lesson in economics.

    [read more >>]