RE:oil stocks make no senseCanada is a social ecomomy shaped by government - at the moment, Govt promoting the businesses thgat create zero value, have little chance in global market competiton, and are destined for profit fails. Farmers and geeks will not power the ecomomy in any material way.
Canadian O&G orphan well liabilities render many of the companies worthless.
Husky is a champion amongst sea of majors that are bankrupt when measured to same standard as a citizen or most other businesses.
Foreigners who exited are smart. They avoided criminal prosecution at home, in countries that do not tolerate fixed books and creative accounting on this scale, word wide.
Still a backwater wild west LOL.
bobus99 wrote: Anyone invested in energy sector these days are fully confused this is what you should call a deep bottom money in the market right now is fully pumped up on unrealistic investement like beyond meat , shopify and weed as per example if shopify and beyond meat and weed team up they would have a market cap value that could buy almost every single canadian oil and gas buisness "almost" and they post losess of 200 to 300 millions canadian energy employ 250,000 ppl and bring around 25 billions dollars in the economy per quarter and 10 to 20 billions in taxes per year. so those 3 buisness with unrealistic investement pump bring 0 dollars in taxes but could buy suncor husky and cenovus baytex , cpg , whitecap , meg energy with hostile takeover share offering!!! funny lol so funny i am pissing in my pants blame computer algo trading and retarded fund investor , banks , dont know