RE:RE:Re:re:re: what is cpg share price at 185.00 wti I am not betting on $185 oil. But I believe that sanctions should and will stay as long as the current Russian regime remains in power. This is regardless of the outcome of the current war in Ukraine. And these sanctions will include a ban on Russian energy.
There is a lot of volatility in the market but owning oil stocks is a hedge against higher fuel prices. And it's a hedge against a frustrating energy policy of Democrats in the U.S., Liberals in Canada and greens in the EU. Obsessed with climate change an existential threat, these lunatics ignored dictatorships armed with nuclear weapons as the real threat. A real, not imaginary threat.
Banning new pipeline projects, legislating regulatory restrictions that choke local fossil fuels production and infrastructure drove many investors away from the industry. Those stubborn and addicted to real energy are now in a position to harvest unbelievable profits. I may trade and take some profits but will stay invested in E&Ps as long as corrupt and foolish politicians remain in power. Call it a hedge against the disastrous and suicidal energy policy.
Feel sorry for Ukrainian people. The Russian military is under pressure to show results and the only way they achieve it is by pounding cities and population. I don't see any sanctions eased anytime soon.