Artis Real Estate Investment Pref Shs Series E T.AX.PR.E

RE:RE:RE:Wow, have been following latest middle east

[EstevanOutsider]

DZ, Iranian oil output is closing in on all-time highs. It was just reported by Bloomberg last week. Iranian oil minister said they will ramp up 300-400kbpd this year. Most barrels purchased by China which is immune to western sanctions. Next coming up is Venezuela in my opinion, they'll ramp up the output there by a good chunk with most barrels going to the US Gulf Coast. If they go somewhere else it's just a game of musical oil barrel chairs. It's really hard to see super high prices. Also Canada ramping up on TMX-E then the Enbridge network with more open capacity, all barrels going to USA.

Sanctions on Iranian or Russian barrels applies downward pressure IMHO because it forces them to sell at discounts. I just don't see it as bullish unless they are going to BLOW UP Iranian oil infrastructure. Saudi Aramco getting attacked was bullish but very short-lived. Only physical damage is going to get me excited on oil. So far nobody dares go there... I don't see much for sectarian tensions in the Arab world anymore which reduces likliehood of flairups.

This geopolitical risk is nothing new in my opinion and certainly not gonna cause WW III....

Can u imagine going to war alongside weaklings like Trudeau, Macron, Sunak.. not me.