Gear Energy Ltd T.GXE

Tariffs on oil? LOL

[lovehockey]

I guess there is a slight possibility that it is possible, Trump is unpredictable and at times crazy. For Canada it would be short term pain but long term gain as it will finally force Canadian energy to find diversiafication of buyers. 

However that is the opposite of what US wants. They want cheap WCS and they don't want to lose a barrel of it to Asia. Besides, historically putting tarrifs on anything simply made things more expensive for the end user. This will definitely drive US gas prices and for any leadership higher gas prices are suicidal.

[EricOcon]

He is foolish enough to do it, I personally think in the long run it would be great for Canada, we have relied on the USA way to much as a trading partner. It is long overdue that we seek out more trade with the rest of the world. I look forward to seeing the air cargo and shipping pick up and have been investing in the industry since Trump took the presidency last time. That is of course, as

[tylerreddick]

Nice thought, but Canada is stuck with our american "friends" for the foreseeable future. If Trump carries out his threat, as utterly ridiculous as it is, it will hurt every industry in Canada.

[scienceguy36]

"The purpose of a tariff, which a government imposes to raise the cost of a particular import, is to limit or reduce the amount of that good imported into the country" Fortunately, most U.S oil refineries are set up to refine Heavy Crude of which 60% is imported from Canada. The refineries would take the brunt of the Tariff (tax) as they would still need to import the Heavy crude from

[tylerreddick]

You forget what actually happens when the US goes after Canada. It is our producers who would take the hit, as we have no alternative but to continue to ship our oil south, and those sobs know that.

[freedom-1970]

Shareholders at GXE want growth recycling dollars at 4X. Kevin can do this the stock will move fast.  We can see how Canada's fake GDP numbers will take the dollar lower adding short cash flow.  I think once we have a new PM we can see more stable opportunities.. 

[EricOcon]

Give your head a shake, if you think replacing Trudeau with a fool like PP, you are going to be sadly mistaken. I will just sit back and watch the US nosedive and people struggle to survive under the GOP government and prepare myself for the nightmare Canada will be under a CONS government.   Either way I will be fine

[tylerreddick]

PP ain't perfect, but Trudope is corrupt and has bankrupted the country. So anyone is better than him.