RE:RE:McCreath: Russia's Lukoil Circling Canada's Oil Patch??I would note that five years ago Canadian Energy companies represented about 20% of the value of the TSX, today it's less than 12%. No other Canadian Prime Minister in history has destroyed so much wealth of Canadians at the same time create so much debt.
In the past year, oil is actualy up about 12%, while CPG is down 7.4%, and even the XEG is down about 20%.
I would call this the Trudeua Discount.
The challenge for all Canadian Energy companies is how can they create value and return capital to shareholders? In the absence of any proactive strategy, all Canadian energy companies, (and their management), are at risk for a stink bid to buy out their company at a 50% discount.
Whether its the Russians - or with the Biden effect, you may have U.S. majors snooping around in Canada for companies with good assets. CPG is at risk, Whitecap, as others.
It is up to management to do something at these WTI/Brent prices to ensure they are creating value in an era of political risk due to incompetent national leadership.