RE:RE:RE:Stock priceTommy123 wrote: Who cares about profit when the environment is being harmed!? OMG you people don't get it. Surveys have shown that almost half of millenials would prefer communism. Capitalism is broken beyond repair. Just look at the BC heat wave! People directly died because of oil use.
Anschutz wrote: Nope. What brings imvestors back is cold hard ROI. The enviros have demonstrated that there's nothing energy producers can do to gain any appeasement. They will noy be happy until they have completely killed the sector in Canada.
The only option therefore if the sector is to survive is to generate wealth for the country and shareholders. Look at Shell and Exxon as a cases in point. Nothing they have done has worked. All it has accomplished was to shut down portions of their business. Now it's ramped up even further with the eco terrorists screaming to nationalize shell.
This is the new tactic of the ecoterrorists. They know they stand a much better chance of influencing a nationalized entity to shut down than a private company generating wealth. Trudeau's cabinet and caucus are filled with many of these nutbars. This is their plan and the only thing that can ward it off is for Canadian E&Ps to go on the offensive by providing meaningful returns to investors and provincial/federal coffers.
Tommy123 wrote: Here's a good article from today about how Canadian oil companies need to become green to see any share price increases.
Current cash flows alone likely won’t be enough to win investors back. Gold miners learned this when the price of bullion soared above US$2,000 an ounce last year, yet many producers’ share prices remained far below their peaks.
To help combat investors’ growing aversion to fossil fuel producers, the largest oil sands producers have started making concrete commitments toward achieving net-zero carbon emissions.
https://www.theglobeandmail.com/business/article-canadas-oil-sands-producers-are-awash-in-cash-flow-again-but-esg/
Here we go the truth comes out. Tommy is Carney in disguise. LOL
These boards are called Bull Boards for a reason. Not for people who are anti.
Hit the road and go paste your garbage on anti oil boards dimwit.