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Global X Can Oil and Gas Equity Covered Call ETF T.ENCC



TSX:ENCC - Post by User

Post by CountryBoy69on Nov 12, 2023 2:22pm
91 Views
Post# 35730992

Mr D

Mr DAs usual your posts are both concise and well expressed , but l do have a couple of rebuttals. First the fact that l am pro an entity does mean it is mindless pumping , or does it it also meanif someone is negative they are guilty of mindless trashing and bashing. .Your take on the prospects of oil is totally counter to my way of thinking. .Let's look at a few facts , facts ,not conjecture. The number of rigs is declining , investment other than mergers which does not necessarily produce extra is about all that's happening as oil companies and gas are focused on debt repayment and return to shareholders who are demanding it, rightly so. We have massive global instability from the Ukraine the Middle East , Koreas , and China, and if the Middle East were to implode ,a good possibility , Iran ad led by a group of fundamental idiots could easily shut down the Straits of Hormuz, a transportation highway for 30 percent of global oil. Then we have our own group of idiots that abhor the industry yeti mport one million new votes now and later per year. So where do they live ,how do they heat their homes , not withwood like me. What do you figure , they are going to all buy into Trudeaus delusional EV plan and if they did , not in a chance in Hades where is all that new electricity demand coming from , some future plan for small nukes.Then finally , let's talk about Biden and his party of traitors and losers who have depleted the SPR to dangerous levels , all to collect votes , but who cares that whether we like it or not ,the USA is the leading Police force of the world. .If you don't get it or just want to ignore that fact it would take more than a month of full US production to refill , that of course assumes not one American will use fossil fuels for that month. Now , l ama mindless pumper well will be more considerate , you arean ostrich with your head buried deep in the sand. .Oil is going North dispite Biden or JTand their manipulations and for your info l amup nicely on my two time investment in ENCC probably like Analog even if he seems to prefer not to comment . Now exactly what is your thesis for $70 oil and that very negative call. .I am all ears and l will not call it mindless bashing as of now. Thank you for a response as l know you will answer in all honesty and that l mean withallsincerity. Cheers
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