Nemaska Lithium Inc NMKEF

Nemaska Lithium Inc is a Canada based lithium company. It is engaged in exploring and evaluating lithium properties and processing of spodumene into lithium compounds in Quebec, Canada. The company supplies lithium hydroxide and lithium carbonate to the lithium battery industry used in electric vehicles, cell phones, tablets, and other consumer products.

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Nemaska Lithium Inc > oil is a liability not a boon

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Comment by Calgary_ABon Mar 10, 2020 9:45am

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Post# 30787757

RE:oil is a liability not a boon

oil price war is not a new thing, you will also hear that same bank making a killing for investing into oil when noone wants to and oil goes up...nothing new.

Without oil you'd be in STONE AGE

Tcheck wrote: TORONTO, March 10 (Reuters) - Canadian banks have increased
oil and gas lending at about double the rate of total business
loan growth over the past three quarters, raising the prospect
of higher loan losses after Monday's oil price crash.
The pick-up in energy lending at Canada's six top banks has
come even as bad loans and provisions for losses from the sector
climbed, an analysis of company data by Edward Jones and Reuters
shows.
"The developments (over the) weekend ... are certainly
negative for any banks that made loans to borrowers in oil and
gas," said James Shanahan, an analyst at Edward Jones. "I
definitely see an increase in loan losses."