RE:RE:RE:RE:RE:RE:RE:RE:Kenney $hitting As Greenpeace Activist Named Enviro MinisterAs a shareholder of ENB and a few oil producers I hope that these companies will adapt and move their headquarters to the US sooner rather than later. It makes no sense swimming against the current in Canada federal waters. I mentioned this before and I surely hope that smart people in the upper management of these great companies sharpen their pens and get to work. There are a few states in the US that will offer huge incentives to companies like ENB (and others) to set base over the border.
Management's job is to generate the most value to their shareholders, not to the country it operates in. Canada does not recognize the value in the oil patch anymore. There is talk about progress, while the greatest commodity Canada has (beside fresh water) OIL/GAS is being ignored. Moreover, the spit in the face with Seamus removal and greenpeace appointment, that's painful. When you need to show strength to support L5, they removed the sitting minister to replace him with a greenpeace environmentalist? That's progress alright. It's a show of strength for sure at the L5 negotiation table!
Years from now, there will be talk about this transition toward a green future. Would there be talk be about how stupid Canada was to let the petroleum / oil industry die? Or how this was the smartest thing ever?
Time will tell.
Until then, the top management of energy companies here in Canada should do their job and find greener pastures for the dirtiest industry in the world.
Canada Gov does not want them anymore. These companies are nothing but a stain on the green agenda. It's time to recognize it and do it public.
To all companies that think they deserve better: Don't fight it. Don't wait until you'll be restricted, overtaxed, made fun of, closed down. Move NOW during a bull cycle while you can still can do it on your own terms.
Oil producers, hope you will invest every cent you have outside Canada. You have no future here. You will always be referred to as a the non green company. Don't invest one more cent in Canada where you have no future. Start fresh, do good for your shareholders, do it well someplace where your business is appreciated. Your shareholders demand oil producers and companies like ENB to adapt, not die.
Quintessential1 wrote: It's more about numbers than optics and the good numbers are going up and the bad numbers are going down.
Are you that entrenched in your conservative dogma that you consider. a banner hung on a building 20 years ago enviro-terrorism?
I believe they use the term Environmental Activist and it has been shortened to Environmentalist
When citizens vote an Environmentalist as their MP and then he is paid to protect the same environment he was fined for trying to protect 20 years earlier that is called progress.
I know progress goes against the conservative doctrine as it literally means averse to change.
The world is going to change anyway, It doesn't seem to be going your way.
Go Enbridge! ;-)
FiddyFiddyOddz wrote: Quin - I totally agree existing pipelines should be worth now more than than they ever have been, but it's all about optics . Only in Can-Er-DUH can an enviro terrorist be promoted to minister of the environment 20 years later and be rewarded with a federal pension.
Short term, I'll be surprised if we don't see more red days than expected in the pipeline stocks. I'll be happy if I'm wrong.
GO ENBRIDGE Indeed !!!
Quin wrote:"Why? None of them were getting built besides the ones that are getting built before he was appointed.
Existing pipelines should be worth more than ever.
Go Enbridge! ;-)"