RE:RE:RE:Good Results are expected yet investors still don't care.There are numerous macro and micro problems affecting the canadian energy sector that are keeping investors on the sidelines and making others leave for good. Here are just of few of them :
1. A Federal and some provincial governments that are clearly anti fossil fuels and determined for all sorts of reasons and via different means to effect a "transition" away from those sources of energy.
2. The constant barrage of negative media commentary and "news" portraying oil and gas as toxic products that will kill all of us if not erradicated in the next ten years.
3. The constant barrage of commentary and "news" stating that oil and gas is a dying industry because we will all drive electric vehicles in the 10 years.
4. The constant promotion of so called "responsible" and "sustainable" investing which of course means staying away from O&G companies.
5. Very, very large invesment firms like Blackrock, Blackstone, Oppenheimer publicly calling for a move away from fossil fuels.
6. The rise of "activist" investors gaining access to the boards of large O&G companies like Exxon, calling for a move away from fossil fuels.
7. The inability to get oil and gas to market via new pipelines and the possiblity that existing pipelines namely lines 3 and 5 will get shut down in the coming year.
8. The permanent plandemic boogeyman(woman,peoplekind!) promoted by the corrupt media and big tech companies and others stoking illogical fear amongst a majority of the brainswashed population which in turn provokes negative economic growth.
9. The extraordinarily poor management at some O&G companies like CPG that see sickening compensation levels that are completely disconnected from shareholder returns via dividend or capital appreciation.