GREY:CEQXF - Post by User
Comment by
roscoe74on Apr 01, 2020 12:03pm
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Post# 30868511
RE:RE:RE:Are we dead or make it to $3.50 (USD) gas next summer?
RE:RE:RE:Are we dead or make it to $3.50 (USD) gas next summer?Yes, I do have a few thoughts. This pandemic has aligned both stock and physical markets by the enormous drop in demand for oil. Then, the stock market drop has likely impaired the ability of insiders as well as capital markets to respond.
On the positive side, governments will have to respond to oil industry concerns or risk a societal collapse to equal the Great Depression. Airy fantasys to calm the envirocranks will do nothing as the government's ability to respond is limited by a hundred billion deficit.
Government must get the economy moving quickly or face a societal collapse and the quickest method of doing that is to leverage our natural resources exports - grain, livestock, lumber, minerals and oil/gas.
Alberta has backstopped Keystone, Canada owns Transmountain and there is impetus to build them that will render the US paid effort to halt them impotent.
Where CQE fits into this macro story will play out in future but for shareholders, an unrealised loss is merely a problem to be solved.
I doubt there are any shareholders left who are not more than a match for our unrepentant fear monger. I have him on ignore and enjoy a peaceful time free from vexatious trolling and disingenuous theories of impending doom, lol. I suggest you do the same.