Petro One Energy Corp CUDBF

RE:Iran deal

[coolwm082]

I think it's already almost priced in with some spec downside in oil price but as the conclusion to a Washington Institute article I was reading notes they have to attract investors to rebuilt thier infrastructure and must reestablish markets.  Huge political risk doing bus with Iran.  Who knows.  What I do know is the surging USD and cheap Canadian producers are keeping support on the Canadian oil industry stocks.

CONCLUSION

If the United States and its partners can reach a deal with Iran, all players must understand the potential consequences of Iran's reentry into the global oil and regional gas market. Most immediately, tensions could surge with other energy producers, such as Russia, Saudi Arabia, and Qatar. The downward spiral of global oil prices would also be reinforced. Tehran, it must be noted, could face serious difficulties finding markets for expanded output and attracting the needed investment in production and gas transit facilities. But in the long term, expanded Iranian output could create more supply options for European and Asian gas markets.

https://www.washingtoninstitute.org/policy-analysis/view/a-nuclear-deal-with-iran-the-impact-on-oil-and-natural-gas-trends