TSX:BEI.UN - Post by User
Comment by
autofocus111on Sep 16, 2021 4:06pm
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Post# 33872274
RE:RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results
RE:RE:RE:RE:RE:RE:RE:RE:RE:TD's Upgrading to ACTION LIST BUY from Buy; Q2/21 Results @malx1 Migration into AB depends on job growth in the O&G sector. Stagant oil supplies ie. no production expansion projects means weak job growth for AB. Higher oil prices, while great for producers, means ziltch for housing demand in the province if there is minimal investment by O&G companies to increase production. As you yourself point out, increased focus on ESG and stretched balance sheets is putting a damper on new projects. Shareholders are signaling to producers that they want returns (buybacks and dividends), not higher production, when high leverage is addressed. Without production growth, jobs and RE will remain weak.