RE:DivyFeels like 2011 where all talk of W vs U shaped recovery where post financial crisis entered new downturn due to Greece euro crisis.
I agree with previous comment that this is a pure bet on spread differential narrowing and question of how long this will persist. For me it comes down to opec high level supporting certain floor price (which believe they will) and for cdn spread to narrow (built upon premise pipelines come online next year and capex / prod vol constrained and managed conservatively in Canuck energy patch). Timeline here is one year so till then BNE will continue doing what it does and weather through this.
George not dumb and while he cannot control external environment (both real and perception) he knows this is not permanent. In George we trust. Good weekend to all (even the shorts).