RE:RE:RE:RE:100% to debt with no buy backsThere's something we actually agree on Volkomm , the NCIB is neither the saving grace or a non-starter . While it is material , sentiment is shaping the market right now and over-priced tech stocks are the Debbie Downer (or Amber Heard) that has dropped a hot steamy coil on Wall/Bay St .
WTI is (and has been) trading over $100/bbl for months now but it drops a buck or two in the premarket and the idiots start to panic . If I've said it once I've said it 1000 times , this white noise means NOTHING to O&G . The G7 just today finally went on record as cutting all Russian oil imports , UNNANIMOUSLY ! Just where do you think those lost barrels will come from ???? And furthermore , what do you think that will do to the price of WTI/Brent/WCS in the long run ?
If you are under margin pressure then you are the author of your own sleepless nights but supply is getting further restricted , its not increasing . Once the weak , over extended "hogs" have been stripped of their covid windfall , the market will reawaken to the fact that throughout this manufactured crisis , O&G companies continue to rake in profit and FCF . So to break out the old cliche's .............
If you can keep your head when all about you are losing their but blaming it on you ...........
the time to buy is when there is blood in the streets ........
Do I need to go on ??????? The adults know whats happening and are laughing as the sheep run at full speed to the slaughter house . If you're smart , you have a chaise lounger and a cooler full of beer , sit back and watch the show because the only thing that has changed is that the talking heads are spinning a different web of deceit .