RE:RE:RE:RE:RE:Canadian Oil Mafia & Michael BlairWhile it obviously is a very profitable and good cf time for energy companies...hopefully some of the analyts start talking about some of the cautionary signs too watch in Alberta.
AECO gas is 6.04 cad vs 8.70 USA Nymex...spread has been increasing recenty.
Prouduction must be going up quite abit and wind power has been high lately shutting some NG power generation.
Heavy oil spread has looked to have increased to 18 bucks.
Postive thing here is in theory spread shouldnt get much higher as this high spread should stimulate more rail car shipping. But eventually USA oil inventory numbers are going to show some supply growth from canada as well.
And in other news on Friday
InPlay Oil Corp. announces extension of credit facility
Globe Newswire CALGARY, Alberta – InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (“InPlay” or the “Company”) announces that the Term Out Date and Borrowing Base redetermination applicable to the revolving line of credit (Tranche A and Operating Facilities) under the Company’s Senior Credit Facility has been extended from May 31, 2022 to June 30, 2022. InPlay and its banking syndicate are in the process of negotiating the annual renewal and redetermination and have agreed to the extension in order to provide additional time to finalize terms.
arnolddiver wrote: Regarding twitter, I disagree with you. On the twitter space, Nuttall didn't promote one stock(s) and it was basically a bullish case for the canadian oil industry. I'm not sure Nuttall can promote any one specific stock on twitter bc every post has to go through compliance. The most interesting thing he said during the space was how he is the largest shareholder in some small-mid cap players so shareholders' input regarding shareholders' returns does matter. Also, small cap players will get more aggressive in 2nd half 2022 in returning shareholder value. Music to my ears! But yes, on bnn bloomberg, Nuttall does talk about specific names so I agree with you there.