RE:RE:RE:RE:RE:RE:RE:market movementYeah, I discussed all those other things and it is possible that shut in Libyan oil is now buoying the global oil price with reduced supply.
If you want to talk about old news the middle east proxy war between non-oil producing nations is a good start. If other actual oil producing nations actually get involved (and Libya shutting in their oil is one indication) it could become a bigger factor but for now, it seems priced in.
Chinese demand may be old news but it is also still current news as the worlds largest oil importer's economy is still not bouncing back to bring demand up. Those are important fundamentals that you appear to just discard.
It's funny how you'll go down the rabbit hole rather than look at the obvious above ground facts first.
Believe what you want but if you ignore some fundamentals and embrace unprovable beliefs then the markets are going to appear misaligned more often than not.
Nice action on CJ today anyway. ;-)
CJ is makng bank, de-escalating the SAGD project and securely supporting the divi all at the same time.
GLTY and all