RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:National Bank has this as the cheapest junior they cover bro...do you realize why Europe has pushed climate change agendas the hardest?
lol it's because they don't consume much ng and oil compared to other markets.
only Germany is a top ten of coutries of ng consumption for Europe and it is 8th place.
Canada consumes more ng then Germany like almost double lol.
I am woken up.
russia exports 13 Bcf a day to Europe. Not high man.
They got caught in the fall.
North Africa and Norway pipes will get a lot of that 13 bcf.
And at some point Putin may sell energy at low prices to his ally coutries to win market share back.
Europe is a dead energy market. By 2025 rewnewables will be nuts.
Germany is most impacted.
gilllis wrote: time to get out of your cavern and realize that natgas is and will stay strong. Maybe a pull back of 10-20% will come sooner than later but price will go back hard to 8$ by october. You forget that the US has committed to supply natgas to Europe for the next 10 years at least in replacement of Russian gas. This is a game changer. No more cheap natgas and this is why energy companies are going up and up. TOU will reach 100$ before it goes back to 50$.