RE:cautiousVolatility is the new norm. That being said, when the US inventories start reducing, the price of oil will continue increasing and money will flow back into Canadian equities. Fund managers need to look good especially after such a crappy year for their funds. They will be cautious but greed will win in the end.
I think of it this way. If no new pipelines can be built, doesn't that benefit those companioes already with access to the current pipelines and transportation methods? Why grow when you do not need to. CJ can generate excellent returns in the coming year as differential will normalize and oil will be what the Saudi's want it to be. They still hold the cards. I am down significantly but this company can thrive in the current environment and are making improvements to reduce opex costs. SP will double before year end. Thereare a lot of variables but we are seeing a once in a lifetime opportunity. This stock is not good for trading but excellent for a hold of 2-3 years. GLTA