Pandemic made way for GH's Peripeteia - Ride the CoattailsWinds of fortune have shifted for GH shareholders.
10yrs of tough times now gives way to better days.
Our best friends to the South outperforming, and Western Canada is set to ride their coattails.
Yes, Canada is currently in a debt-induced consumer recession.
Not all provinces will fare as well as AB and SK.
But recessions pass with time.
3 major catalysts for continued strength of AB economy:
2024 - The long-awaited TMX Pipeline expansion provides increased access to Asian oil markets, additional 590k boe/d, totaling 890k boe/d of oil export capacity.
2025 - LNG Canada will access Asian natural gas markets, up to 3.5 Billion Cubic feet per day upon completion of trains 3 & 4. Canada produces approximately 19 BCF/d through 2023. Put this into perspective: 15-18% of future NG production will be shipped to Asian customers at contracted, premium pricing
2025 - A Federal Election very likely to be a catalyst for Foreign Investment to return to Canada. Changing of guard at the Federal level would bolster confidence of Foreign Investors who seek opportunity in our resource-heavy economy. Money will return to the Canadian markets, both public and private.
Alberta positioned to benefit from increased demand for its resource production while our LNG and Oil export capacity to foreign markets provides improved pricing power. Entire supply chain, from the Explorers to the Marketers, will strengthen.
Maybe a few of them will sit down for chicken wings, fries and salad; buy-in for a couple rounds of poker and enjoy a little live music with the 10pm sunsets late June.
We are looking good as the cards are dealt.
Might be time to up your bets.
TheBridge & Kasking both quiet, usually means they are buying!
Smart