RE:RE:markets were expecting end to lockdowns. WRONG I am only looking south for my optimism . America is light years ahead of us here in Canada. But so be it they are the major consumers of oil let them get on with their summer , 7 states are fully open and lots are easing restrictions. You can be sure this summer people will be traveling across the country in their campers and whatnot .
As for Canada we might be open eventually might even go like last year where early spring locked down and summer was a wide open fun fest .
Oldnagger wrote: Israel has twice the number of vaccinations per capita as
the US . They are now running at 10 % of the US per capita for new cases. Whereas before they were near the same rate. It will take the US about 2 months to catch up for vaccinations. So there should be some summer left for them .It will take another month or so for Canada and Europe to catch up. To attain herd immunity levels it will take another 2 months for everyone
I am not an epedimieologist, So this is simply my take as an investor.
We are all still looking forward to the day when new cases start to decline for everyone, unfortunately for some countries that day is very far away indeed.
Winning the war against this virus will require a very sustained and conscientous effort by all of us .
Hopefully everyone will keep that fact in mind and continue to do everything they can to avoid spreading the disease.
VET will remain a good investment regardless, it still has a very high rate of return even under current prices. And no one is ramping up the drilling to any significant extent, nor will they until they are assured that this virus has been tamed once and for all !!