RE:RE:RE:Scotland we ain't seen nothing yet Gashole1 wrote: What happens in Europe affects oil as its a world commodity, so it could influence oil up or down and that will influence BTE shares. So talking about Brexit is fine in my opinion.. I have lots of investments in lots of companies, TFSA, RRSP's , RSP, etc.. I think Scotland should use their veto and problem solved.
number1hit wrote:
Who cares!!! The world markets are done with Brexit Panic. Unless you are talking about a UK or EU stock or sector, please take this latest panic that fizzled out to "secondpanicof2016.com" or something. UK is insignificant on both production (expensive North Sea) and consumption.
What we should talk about if how quickly we plan to break through $50 oil and what is BTE worth at
$50, $60, $70, $80, $90+ oil....
Otherwise, it's seems to be basher talk. Can't remember who talked about "kool-aid" but I agree. You need to stay away from that stuff. Rots your teeth and brain.
If it were only that easy. Experts have agreed that Brexit could result in 1% less oil consumption in the UK. That equates to 0.016% globally. Not even a drop in the bucket. So essentially, Brexit will have zero negative effect on oil prices. Peter Tertzakian actually believes Brexit is bullish for oil price. Check out this article.
https://www.google.ca/amp/business.financialpost.com/news/energy/peter-tertzakian-why-brexit-is-bullish-for-oil/amp?client=safari#