Regardless Commodity prices will rise this year because of weak supply and future demand.
•Covid fourth wave is already more than half over (the news is late declaring a fourth wave) - the UK rates are on the decline and the UK leads on Covid data.
•Canadian government can only change for the better - we will either have more of the same (weaker supply when we need improved supply - prices will continue to rise), or we will get a conservative government that will boast well for the energy sector and the Canadian economy as a whole. Conservatives are ready to embrace renewables, and pursue the transition at a sustainable rate for the economy. We should continue to pursue environmental technology to safely benefit from Canadian resources like WCP.
The bearish news will be very short lived - with a summer sell off and huge disconnect from commodity prices - the 'bad news' has been priced into stocks already, and anyone with insight can see oil demand will drive prices higher as supply continues to be broken.
IMO and GLTA