RE:RE:RE:Stock priceAnd there you have it... true colours revealed. Go back to your hole troll. Everytime Canadian E&Ps start to make gains, posters like you pop out like flies after a dog takes a dump. You're either a paid anti-oil influencer or one of the liberal trolls that have taken to infesting energy boards.
Surveys... seriously? If true that half of millenials have no F'n clue what communism is about. Capitalism is hardly broken. It's your ilk that are trying to destroy western democracies and all the gains that have been made over the last 100 years.
Here's a survey for you... Canadian high school children were polled about their preferred party/candidate heading into the last election. Majority stated they would vote for Trudeau. Shortly thereafter they were asked to complete a quiz that determined their ideology. Results reversed such that majority were actually conservative at heart. This is a large part of the reason why Trudeau wants to pass Bill C-10. Lieberals know that once Canadians understand what Trudeau/globalists are trying to achieve they will revolt. Disgusting that Lieberals are willing to betray an entire nation for their own personal benefit. Canadians and First Nations people are being sold out all under the guise of Lieberal diversity/division politics.
Tommy123 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/