RE:Packer part 2Banshee wrote: You are the one with a serious lack of understanding the English language . When l said l supported increased NA production l also meant that l believed that it was good for the number of oil stocks l own , unlike you as a pretend owner and full of it. Maybe it escaped your attention if that span is longer than a nano second but your boy hero is importing a million a year , now where is that energy demand going to come from. DUH. As for building a pipeline East , only a Trudeau Liberal like yourself pretends that it was not feasible. Mainline East a conception of Trp was an attempt to supply our oil , get it Libturd to the East coast refineries of the US and Europe. It was supported by Harper , you know the Conservative PM you knock and tell lies about , Rachel Notley the NDP Premier of Alberta , Brad Wall of Saskatchewan and the Libtard government of NB. It was killed when your useless Trudy assumed his dictatorship and the Province of Quebec supposedly to protect Beluga Whales while Tankers were coming down the St Lawrence daily. Now you displaced Quebecois hypocrite on the Island does that answer your question , if not just pull your hypocritical head out , just to breathe some fresh air once in a while. Like NH and Morgan you or your fellow idiot friends push the abuse button or maybe it will be SH acting as the protector of Libturds every where.
Geez, Banshee....How many time do I have to say this: There is no such thing as "Mainline East"....NEVER was....it's ENERGY EAST !!!
"Mainline East a conception of Trp was an attempt to supply our oil , get it Libturd to the East coast refineries of the US and Europe."
LOL....talk about a pipe dream!!! You proposed to take AB heavy oil that costs 30 bucks to produce, ship it 4000 kilometers by pipeline (tolls) load it on a tanker and ship it to the US and Europe refineries geared to process light sweet crude??? Saudi crude costs 6 bucks to produce, they too load it onto tankers. If you were able to get those refineries to even consider spending the millions/billions to retool...the Saudis would just lower the price until you went broke supplying your oil.
Forget about Guyana, Namibia and Brazil....that produce light oil offshore that get loaded directly onto tankers and go anywhere....
Anyway, stay mad at the world if it "floats your boat", Banhee...the rest of us, and most of the world, consider the the economics, the logistics AND the politics in assessing any projects chances of getting built. There's LOTS of promoters out there that push unrealistic projects....they always make money whatever the outcome....which is probably why so many of them get run up the flagpole.
There wa a good opportunity to get back into Canadian oil in February....It was good...but I stayed too long....I was up 40% beginning of May...now it's 20%.....Hoping prices rebound soon....but headline news are not kind to oil these days....I might have to sit on this investment longer...
And if you think oil is in the doldrums??? You should be in lumber! THAT is in a sad state right now! LOL