Re: Interesting story in the Globe and Mail After all, I’m mostly a newspaper and mass media reader with only a superficial understanding of some issues. Thank you for the link.
NPV of Chinese investments in the CDN oil patch is unknown. So far not convincing. On the surface, their timing seems to be off. Only time will tell.
Here are some more media links.
I would submit that, in 2016, Chinese investments in Canada was not a given. PM Trudeau’s visit to China was probably not only about shaking hands and his « support » for pipelines probably helped too.
https://www.albertaoilmagazine.com/2016/02/canadas-oil-patch-suffers-consequences-of-chinas-economic-slowdown/
https://www.cbc.ca/news/business/china-oilsands-alberta-oilsands-investment-1.3545401
https://www.bnn.ca/video/even-without-restrictions-china-wont-invest-in-canadas-oil-patch-expert~939710
For better or for worse, I would say that to be long oil, you have to be long China also, at least to some degree. It helps if you understand the Chinese mind. I don’t. I am not bright enough.