Post by
Oldnagger on Jan 27, 2021 7:15pm
The Great Nothingness
Excuse me folks , but I am going to rant , and this otherwise quiet bullboard may be the best place for me.
It is now very apparent that we the investments in the Canadian Oil and Gas space are once again going to be vilified and attacked not only by vast army's of attention seekers, groupies, misinformed masses and self serving politicians , but also by our own who will be looking to drive share prices down in an effort to get in at bargain basement prices ( or even worse carpet baggers and other raiders)
Companies need to defend themselves. The best way is to reduce debt as low as possible.
We have already learned that even those financial institutions who are supposed to be our partners will quickly turn against us. This is already happening ,as credit ratings are being reduced for even the majors.
This industry is too important , not only to Western Canada but also to the rest of Canada (and I am not talking about transfer payments alone)
The present administration in the US seems to be completely out of their minds. they are hardly in any position to dictate energy policy to the world. Without Canada's acquiesence, they cannot even dictate energy policy to North America
What can we as otherwise lowly retail investors do?
First, we need to make our voices heard, not with shrill words but with reasoned arguments
We need to let the world KNOW that Canada cares and that the best available technology is being used to alleviate Global Warming Attacking the concept of global warning is probably fruitless but we should nevertheless let the world know that ther are other much better solutions than many of the half baked ideas being touted now
.
Second, we need to magnify our voices . Ask our managements to strengthen Capp into a major force that provides thorough analysis of alternatives that can be provided to our media and other decision makers .
Third , lets hold people to account, If you don't like what is happening to us ,go to their spaces and tell them why you don't ( not only media and politics but also banks and credit agencies)
Fourth and last for now, get involved , there are a lot of people with a lot of knowledge out there
Lets get your say. perhaps we could ask stockhouse to provide us with a separate forum where we could promote our ideas together
Thanks for your attention, I feel better already !!
Comment by
Nugold on Jan 28, 2021 5:56pm
Totally with you on that. It's about time it ended up backfiring. Estimates of 5b losses to 2 funds. Maybe they can learn out of this. All fair game when the small guy takes the beating, as far as their concerned. JSA
Comment by
Seppelt on Jan 29, 2021 3:04am
Read this: https://boereport.com/2021/01/28/following-the-money-that-canceled-keystone/ and this: https://albertainquiry.ca/sites/default/files/2021-01/Energy%20In%20Depth%20Reportv2.pdf