RE:RE:RE:We Dropped Almost 9% Since MondayThis backs up what wittmann said. GLTA
Non-profit news organization Inside Climate News details the exodus of foreign energy firms from Canada. There has been considerable hand-wringing from some quarters about this trend in a 'carbon taxes make us uncompetitive!' way, but, as the near-peak of the market sales of Talisman Energy and Nexen Inc. illustrate, domestic energy executive have historically been terrific at timing the market. This doesn't mean everything's great in the Canadian oil patch, or that new taxes won't crimp profits, but there is ample reason for investors to trust domestic energy managers.