RE:Interesting. Dougie with the gas tax cut. Driving demand lolIt all just makes you shake your head , FCF is booming but that means nothing when the machines are in sell mode . I'm no swami but I will say this , when ever the dust settles this will be one hell of a deal .
Demand isn't going away and supply isn't getting any bigger but right now the big money is having its way . Fundamentals mean nothing right now , induced paranoia and fear is whats on the menu right now so keep your pencil sharp and your powder dry . Good news is bad news and the talkingheads are having a field day , there is no logic on low volume .
The one wild card is the NCIB , it ensures some buying and the lower the price , the more shares will be retired and taken off the table . It would be great to know the future but safe to say , eventually this will receive a fair price , just not today . Stay tuned , somewhere between now and July 27 (Q2 report) some covering will be likely . (if the world hasn't ended by then)