RE:Everyone heading to 5% Gic'sSo much uncertainty in the oil market . China shut downs, Russia, will there be a recession , etc. Traders are really really gun shy. Can you imagine if this was 2014 ? WCP would be at $20-$30 already as the debt comes off and the buybacks are done. . From my point of view, OPEC is still in control and will simply not let the oil price stay down for long . This is very rare for any commodity , and they lost that power for almost 8 years. What else would anyone want as a reassurance ? They got your back as long as their competition doesnt go down the ovverproduction hole again. I doubt they will.
barneyj44 wrote: Oil up two days in a row and Canadian Oil companies struggling to gain traction like B.C drivers during our recent snow storm. Time for an update Grant...