OMGJust listened to Tom Rand on BNN talking about the trillions of dollars financial institutions hold of Energy sector debt and the potential for default on that debt.. I guess he should maybe open his eyes to the FCF being spun off by most, if not all O&G firms, that's being applied to said debt.. within a few years these same O&G companies will not need those banks to float the boat..!
Then he goes on to talk about the O&G sector being a sunset industry.. they said that about the tobbacco companies as well.. as they've been demonised for health issues.. well.. those tobbacco companies have, and continue to be excellent "investments".. and lets face it.. smoking a cigarette isn't as important as heating your home, getting to work, or hauling those products to the consumers everyday.. LOL..