RE:Nuttall: MEG, CVE & CNQ Most EXPOSED To JKenney's Victory ! I've been following Eric on Twitter for little while and he is a champion for our O&G sector here in Canada. Think he is right in that the sentiments have finally switched in Canada. Ontario booted horrible Wynne and Alberta just did the same to Notley. Hopefully by October the rest of the country will do the same to Trudeau!
Blue sweeping across the country as citizens are getting concerned about Canada's lack of competitiveness. Hopefully we will be seeing foreign capital returning to the Cdn energy sector - follow Buffett's lead!
Cenovus finally closed above that 13.20 range which has been a key resistant level. I'm loving the charts as we have a) golden cross emerged b) earnings around the corner c) moving towards high oil demand aka driving season. I think CVE could blow past last year's highs and possibly move towards $17-20 range by the end of the summer.