RE:Book Value is 19That's what I keep thinking MANGA 13.
What keeps me unconvinced is the action on the Canadian oil and gas names as a market segment. The market has been telling us, by how it is pricing Canadian.
The action was, has, is still telling us is that the price of oil has disconnected to Candian oil and gas equities.
Personally, I think something bad is comming down the pike with respect to the NAFTA renogiation.
I just keep thinking this is early 80's, 2.0 the resembleance is uncanny, Trudeau in office, oil prices crash, OPEC and the middle east politics in full play. It is under that umbrella, that I think JT will throw Alberta under the bus i.e accept a border tax on oil or something.
Been saying this from the start of the down turn in oil, that this one would be long.