RE:RE:RE:RE:RE:RE:RE:RE:API Inventory:Russia is having a difficult time winning against a country that is 1/4 the size two and a half years into the war and you think they have ambitions to take over Poland...which is a NATO member? Russian men are sent to the front to fight which is reducing the labour pool and as a consequence inflation is somewhere around 9%. I would disagree with you on your thoughts on Russian ambitions as they simply cannot afford ground wars both financially and with thinning personal. That may have been paritally the intent of the West, sadly at the Ukrainian expense.
So I said higher oil prices would be mixed for US producers meaning - if Kammal restricts fracking/licensing onshore/off shore, places cost like regulations such as carbon capture, net zero/emission removal. You know sort of like the added costs structure imposed on Canadian oil/gas industry imposed by the great Justin which -- reduces margins. Keystone remains dead with Kammal while it may be revived under Trump but it may be too controversial.
Yes we don't care too much about consumers and inflation as some of that is due to the -governments they elect - so they can sleep in the bed they made. The cabon tax will be 40 cents/ltr in 2030, in addition to all the other fed/prov taxes so perhaps $90-100 oil will wake them up.
I don't think drill baby drill will flood the market as US peak production may have been met and declining rates are a factor and may have a limiting affect while global consumption continues to increase incrementally every year. Trump may be successful in limiting some Iranian oil exports again and if so that is about 1.7 mb/d that may be trimmed. OPEC+ still has a - big tool - of limiting supply and up to now have been able to keep oil in the $75-85 range. I don't see $60 oil as that is a big discount, perhaps 5 bucks off of the current range but then again that is just my opinion and as we know anything can happen.
Like all of us I'm hoping that SAGD will keep both the share price up and the dividend safe. If oil stays at current levels or the range moves higher, its just bonus returns.