EXPM:EGRGF - Post by User
Post by
antitruston Dec 11, 2015 9:49pm
195 Views
Post# 24378815
news release
news release
Well pretty much what I though, bit higher distribution/ soon to be dividend and I see they are putting their money into Texas instead of Alberta, which is no surprise.
Even with all this Green madness going on there are still some pretty major macro drivers for oil in the medium/long run. All this 'green' infra structure is going to need to be built by some energy source and the only one widly avalible is oil. Also the continued destabalization in the Balkans/middle east. Wars consume lots of oil. and finally the top out of U.S shale oil.
To my way of thinking companies producing light/intermediate crude in more or less stable juristictions are well placed to ride these lows out.