butch tennisI'm going to let you in on a secret, the cure for low prices is low prices, the cure for high prices is high prices.
Does WCS go lower then $15, If so for how long? You mark WCS down $50 dollars differential over WTI for 6 months or a year. Watch nature take it's course, The market will buy it up.
You all here is the second secret. Buy Canadian names, I can't tell you when the Algo machines get turned back on to the upside. But we are closer to bottom then a top.
I have seen this Trudeau movie before when I was kid, I know how it ends. I just don't know how many years his show goes on. The previous show went on for 12 years with his old man. This is year 4,
The weak ones have been elimanted from the herd. The Calgary oil co's left are strong companies, They have strong managers now, Neil R. was a nice add on the RRX deal. I'm not being cocky, just facts. I would say over the next year Companies like Baytex, Cardinal, CJ, even WCP become take out targets with book values and metrics so low.
Just my opinion cheers Matthew