Taking a long walk off a short PierThats what these name sayers are doing, one of the largest draws ever (10 million boe) and 30 days for now the refinery turnaround will be done.
There are no wells in western canada that have a better return on equity deployed that Karr. The short sighted people do they realize that the USA has never exported more crude then it is doing now, and that jet fuel production, 10% of global consumption is down 45.6% or about 4.5 million boe a day.
We are going to hit the energy wall, look at california and how great their solar electricity works, except if you have wild fires or another enviromental issue like mount saint helen. Rolling blackout are the new enviromental norm.
Once air travel picks up the world need at least 5 more million boe a day, POU is a 25 dollar stock, buying opportunity of a life time.
IMHO