RE:RE:RE:The algo's swoon on massive import buildI'm beginning to think the waffling of the price of crude is a direct result of US manipulation to acheive the 2% inflation target the Fed's want.. and not the result of lack of demand.. nearly full employment in the US and Canada for that matter, strong economies in India and China slowly emerging from lockdown are not reasons for weak demand.. but the headline pushers want to have you believe otherwise.. the professionals with their fingers on the pulse of the O&G industry globally all have the same opinion of stronger pricing for longer.
That being said many if not all oil companies in Canada will be very profitable and be paying down debt even at $80 WTI.. IMO..