Way too premature to be excitedEspecially for any of those that have been invested up to Ferguson's acquisition announcement and faced the many heartships. There finally might be some catalysts: 1. Earnings earnings earnings (2 weeks away) 2. Decisions on the interest rates in the US 3. Possible FN acquisition of some or all of the Trans Mountain pipeline 4. Oct possibly new govt 5. Cdn oil heavy weights are starting to work together to develop plans improve crude flow 6. Additional pipeline takeaway from TC and Enbridge 7. OPEC working together Lastly, what I've been saying all along about shale... Drill but where is the profit and cash flow? That's right.... Only the large caps are able to drill but the med and small caps are hurting https://www.bnnbloomberg.ca/the-shale-boom-in-the-permian-is-slowing-down-1.1286299 The negatives are still: 1. Trump tweets 2. Ongoing trade war 3. Continue neg sentiment towards energy 4. Another 4 years of trudeau