RE:RE:RE:RE:RE:Oil at $50.13 USDLike I said, the play seems to be this... go long US and other international oil stocks, and hedge the risk by shorting Canadian oil stocks.
As long as Trudeau remains spineless, which basically means as long as he's in power...
there's not much upside in Canadian oil.
Canadian oil faces all of the same downside risk as US oil,
but with Trudeau in charge, it gets none of the upside potential, as Trudeau continually caves
Therefore the safe play that international investors are using is to go long US (or international) and then short a Canadian oil ETF
Because Vermilion gets lumped in the same ETF with other Canadian oilco's, any upside will be limited, regardless of Brent exposure.
Doesn't reflect on the company...
but it DOES reflect on the real political situation in Canada right now
Conclusion - IF you don't want 4 or 5 more years of this, then bloody well make sure that you, your friends, relatives and acquaintances are aware of the impact that Trudeau is having on investment in Canada.
Don't believe me?
Just look at the relative performance of the TSX vs the S&P or DowJones