RE:RE:Reply to HighOnOctane....Good on you Octo. Blind panic has hit the oil & gas markets with investors dumping
their positions regardless of price. That is a sign to me of absolute fear more than
any rational thinking. On the plus side once the orgy of selling ends, there will be
an excellent opportunity for a substantial rally as the emotional players are cleaned
out.
The difference in the Cdn$ makes for a much higher net oil price for Cdn producers
that sellers are totally ignoring in their panic to get out. That will becme evident at some point and will form the basis of a reset.