RE:RE:RE:Has anyone else noticed how rediculous this is??The only thing big money may know that we do not - its a coming black swan such as more lockdowns and more covid like fakery. As the Canadian election is this fall and then the US mid terms year after, its quite possible another massive fakedemic is in the works
Oldnagger wrote: It seems the investment world is very leery about Canadian petroleum companies. Where else has anyone seen such a concerted effort over more than a decade now to destroy a critical industry ? At least now we are able to watch the Americans pretending to commit hara kiri on their industry.
The world has definetly changed however. The Americans are now dependant on imports either from Canada or overseas for crude. Meanwhile Canadian nat gas became so undervalued. Compared to world prices that there is no place to go but up. It will take time for investor sentiment to change. Our enemies are attacking us not only by pipeline restrictions but by financial blackmail.
That is probably an overriding consideration for our industry to reduce its debt levels to such very low levels.
What is the solution to this dilemma? Simple ,stop spending capex on production ( and especially green BS ) Initiate share buybacks and return the divvy . Share prices will follow !!