RE:RE:RE:Why is VRN dropping more than usual today?All Trump wants is Canadian oil (which US considers as "somestic") production and for cheap. If that idiot would spend more time understanding Trump, instead of going to Taylor Swift concerts and flirting with teenage girls, the idiot would would understand what is going on.
Him, Carbon Carney, Freeland,.. those are the worst people that could represent Canada (one of the richest countries on the planet) during those Energy (oil and gas) wars going on.
They are too dumb to understand what is going on
baranja wrote: There are no tariff wars! There is a threat of tariff wars, but there is NO tariff war now.
Anschutz wrote: We're in tax loss selling season until Dec 30th. Tariff wars between Trump and Trudeau are heating up. E&P investors see high probability Trudeau will impose export tariffs on fossil fuel based energy when Trump imposes tariffs on Canada. VRN is still carrying a lot of debt and diluted the outstanding float. Investment is flowing out of Canada to the US. Lots of reasons. What's troublesome is that Canadian E&Ps are sliding even with WTI at $70.
Investors also starting to speculate on the damage Trudeau export tarrifs will do to the industry as companies are required to send more of their profits to Ottawa rather than to shareholders or to re-invest in the company (ie, pay down debt and buy back shares).
Perhaps you recall the speculation on social media a year or so ago about Trudeau wanting to impose a tax on investor gains from fossil fuel based investments. That was an idea the government floated that sunk like a rock. Trudeau export tarrifs will serve his purpose equally well by re-directing profits from the company to Ottawa government coffers.
If Trudeau tariffs are imposed and they persist for any length of time, Canadian companies will lose market share to foreign companies. The damage could be substantial as it's difficult and takes time to re-gain market share once it's been lost.
People starting to recognize that it appears Trudeau is actively sabotaging the Canadian economy knowing he's done next October. It's the same playbook the Dems in the US have been running since they unexpectantly lost the November election. The difference is Trudeau has another 10 months to inflict damage whereas Dems only had a few.
CriticalMind55 wrote: Any comments would be apprecaited,
Thanks!