RE:What's with thisInvestors seem excessively jittery - a basic lack of faith in the sector to provide returns. What I think is that if oil fell back to $65, which is not something I believe would happen (or would only happen for a microsecond), most of the Canadian energy sector would still be flush with cash. At our current depressed levels, rationally, most of the sector's stock prices should be basically insenstitive to downward fluctuations in PX WTI/b.
That's not what's happening. I can't really explain it other than with platitutes and points we've discussed here at length. Nevertheless, we've only just started this process.
There is only so much the UAE could actually do and energy producers aren't going to go to a dog-eat-dog, free for all.
DaveInvestor59 wrote: WTI price is up and energy stocks are falling anyways. Is that stupid or what. Seems you can't satisfy anyone in the energy sector this week.