Post by
MyHoneyPot on Dec 06, 2023 10:48am
Honeypot Economics
I know for some it has been painful this pullback in oil, Honeypots thesis.
Canadian economy is on a decline with current Government, and GDP per individual is dropping, because of massive immigration and a business enviroment that is not inviting.
Housing is artifically high and house inflation in the future will likely change to smaller and more efficient house and higher taxes for larger houses. People will not be able to to afford anything else.
Taxation has gone nuts in Canada, and inflation is being driving by government taxation. Taking away opportunities for new Canadians because of the artifically high costs of basic living needs, and the inability to get ahead and make investments of their own. The rich are getting richer.
Oil and oil prices trade at global prices, and the Canadian economy is in for a tuff run, with a Liberal Party socialist government.
Investing in energy is independant of the Canadian dollar and prices are set by the world. We have a great basin in the Montney, and with a debt free company we are insulated from the banks. With management with such a high ownership position, they are careful not to put the company in a vulnerable positon.
Kelt is a safe place to hide out and they can still execute their plan, and the development will be commodity driven, because the have both gas and oil opportunities.
If prices get to low they simply slow down and add strength to the balance sheet.
IMHO