Bullboard - Stock Discussion Forum Enerplus Corp T.ERF

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Enerplus Corporation is a Canada-based independent oil and gas exploration and production company. The Company is focused on the development of North American oil and natural gas assets. Its portfolio includes light oil assets in the Bakken, North Dakota, and a position in the Marcellus natural gas shale region in northeast Pennsylvania. The Company's operations are concentrated in the core of... see more

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Enerplus Corp > Possible Scenario

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Post by retiredcf on May 03, 2022 7:15am

Possible Scenario

Oil prices could go parabolic if Russian oil becomes 'untouchable': RBC strategist

Helima Croft, global head of commodity strategy at RBC Capital Markets, discusses pressure on global oil and the European Union could potentially ban Russian crude imports by the end of the year. Croft says if major importers move away from Russian oil and second sanctions emerge, there could be millions of Russian oil barrels left stranded. She discusses the global market pressures that are affecting these decisions and what could push Russia or the EU to making drastic trade changes and says Russia's revenue intake has almost doubled in the first two months of the conflict.

https://www.bnnbloomberg.ca/video/oil-prices-could-go-parabolic-if-russian-oil-becomes-untouchable-rbc-strategist~2433180

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