GREY:BNPUF - Post by User
Comment by
sblackicegon Mar 19, 2017 1:03pm
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Post# 25999377
RE:What's happening with bnp?
RE:What's happening with bnp? ~ I emailed investor relations and was told it was due to money manager divesting away from the Canadian energy space in the short term - the balance sheet for BNP is much better than it was 12 months ago - & even then after such positive financials it continued to decline.
Just temporary until OPEC members start meeting production cuts. MEG & BTE were both about $3 higher than their curent value late December, so I see this as a sector wide decline for the time being, should pick up in the last 2 quarters of the year.