Share Price Appreciation - Planet Alginment
With the canadian dollar tanking, who know where it will finally end up. Playing US stocks can sometime be costly unless you have all your money in US dollars. I kind of view Oil as a world wide currency as well, and only here in north america can you get it at a bargin basement price. So we have the canadian dollar depreciation in our favour, we have Brent trading at a much higher price than WTI in our favour, we have the prospects of increased production some day in our favour, and we have a premium product in our favour.
I would call this Planet alignment. One day people will appreciate this and the stock will move appropriately. A 10% decrease in the Canadian dollar has minimal impact on production costs compared toi the price benifit we get on the sales side. With the Canadian dollar sliding the way it has with little appreciation in the share price, this is even a better bargin for US investors as well as Canadians, issuing a 50 cent dividend here woudl go a long way to attacting some market attention.