RE:What can we expect Oil to do with China reopening I have been following this board for many months. I am not sure exactly how you people are dealing with this stock. What I have noticed is there is one very flippant poster on this board who appears to be bipolar at best.
I suspect the person who I am replying to does not at all understand economics or market sentiment. Stocks go up and down for a variety of reasons. The primary reason why oil and gas mid cap companies bounce around dramatically.
Obviously, we are driven partially with the day to change in the oil market. But come on now the influence from the war, well that ship sailed long ago. Obviously the North American government's don't realize that prime rate increases or decreases are a lagging indicator and there is a slight chance some increases might make be getting seen now.
Inflation is high due to the ridiculous susbsidies, at least in Canada, be afforded to people due to ongoing socialist subsidies. Most people do not even like to pump fuel for 13 bucks an hour now minimum wage os going to 15 bucks an hour in the near future. When you have a lot of people who end up with twice as much if not more to spend of course inflation is going to spike.
It is now a fact, which comes as no surprise to anybody living in the prairie provinces EV's will not work as battery life is not even half of what it is rated for. This applies to all cold countries and cold areas.
not saying it will never happen but having leaders in countries that know little about business can not put a timetable on this. Saskatchewan is at best 20 years away from primary infrastructure to do this. Saskatchewan has sparse population. I just wonder how long it would take to deliver basic infrastructure to implement same.
governments also have not learned something that 3 month old babies know. Don't bite the hand that feeds you. If this requires any explaining for you to understand you should not be investing in this industry.
glta