RE:RE:Interesting commentsAt the time Trudope was first elected , Canada was a top-tier destination for O&G investment . Kinder Morgan wanted to build (and PAY FOR) the TMX , TC Energy wanted to build KXL , EnergyEast , CoastalGasLink and I believe Enbridge was doing Line 5 and Northern Gateway .
6 years later only Line 5 was completed , everything else was canceled or mired in court battles and Canada has become a pariah for investment . It is so irresponsible to gamble a nations energy security to apess a vocal minority without a viable transition plan . Vilifying Canadian O&G while supporting Saudi Arabia or Russia makes no sense and only adds to emissions with marine tanker shipping .
Rivian , an EV truck company has a market cap of $58 billion yet they have never delivered one vehicle to date , they don't even have a factory under construction . Ford is advertising an EV 1/2Ton that isn't even available yet , nobody knows where all these batteries are coming from or how any volume of EV acceptance will be supported by the current electrical grid . This scattered approach has no focus and no path to resolution .There is at minimum , a decade of solid O&G profits , who knows if Rivian will even be around in a decade let alone produce a truck ?
The market has put ridiculous valuations on tech stocks while ignoring money makers due to a biased narative from a woke leftwing media . Tesla market cap being higher than the big 3 combined while an O&G producer can buy back its float with a few years of cash flow makes no sense . I liken this to being on the high sea's in a leaky boat with only one person who knows how to work the bilge pump . The boat staying afloat relies on that pump and that one guy yet instead of helping him or trying to learn about the pump , everyone onboard hurl insults , spit on and berate him every chance they get . One night the pump breaks so the guy says nothing , quietly lowers the lifeboat and rows away .
O&G has quietly lowered the lifeboat and are taking care of shareholders rather than playing the drill baby drill game only to get spit on again . Supply takes months or years to ramp up , a fact that will become more evident as this year progresses and demand increases . Less obstructive and unreasonably government policy could have easily averted this pending squeeze but those very policy's ensure that supply remain restricted and prices that governments are whining about stay elevated . In the meantime , funds keep flowing and hopefully we get more people appreciating the value of this lifeboat and getting onboard .