Post by
kavern23 on May 06, 2022 4:16pm
Obe
Obe is so tied to commodity prices holding strong rest of 2023....
More and more investors are probably getting more nervous on the sustianablity of oil holding and NG holding.
Hard to value OBE when everyone's cystal ball is very cloudy on forecasting right now.
NG went down 9% in one day...these are not real prices long term. Majoirty of commodity traders short term.
All the renewable assumptions are based on low oil and ng prices.
Califronia was supposed to be 35% electric cars by like 2026....and probably made sense at when WTI long term curve was 65-70 dollars.
Pump oil to110-120 dollars...and once EV's are available....this 35% of new sales could be some point in 2023 instead of 2026. That is the danger with todays markets.
Look at the timing of NG spike....right before solar roof top installation season...we are watching the economics of roof top solar show and destroy power produced by NG.
Substution is going to be an issue.
Cost of living is one of the most serious issues facing North Americans. Trudeau and Biden are winning as they are forcing consumers to some diffucult decisions.
Not being a debbie downer, but Whitecap, CJ, etc are not buying out other companies...these CEO's are not acting like this is sustainable prices.
Comment by
fortunefavorsus on May 06, 2022 5:30pm
Wow you really drank the woke koolaid. Everybody now knows green future is only for delusional fools and you have Europe as a prime example. Oil and Gas as the predominate energy source will be here long after you and I are dead.
Comment by
kavern23 on May 06, 2022 6:49pm
Woke Trudeau and the enviroment minister with the bowl haircut have gotten a gift...high gasoline prices are national headlines. Instead of waiting until 2030 to have carbon tax push gas over 2 dollars a litre they have it now. Vancouver is 2.17 litre. Kavern prefers 1.20-1.50 gasoline as it doesnt scare the sh*t out of consumers.
Comment by
Hendrick3 on May 08, 2022 2:27pm
If you have t bought back your OBE position yet, you better get on it Monday. A 9 handle in Canada is an aberration that won't likely be repeated in the months ahead. In fact it will be the new rags to riches story for those that are buying. I would hate to see you miss out.
Comment by
kavern23 on May 08, 2022 9:21pm
I think we all can agree keeping average down cash available...aka....bullets is needed...... Oil is down 2 bucks right now in overnight trading....see if it turns by morning. 2 down in evening usually means a bad next day. John have some cash ready if this tests below 9 tomorrow.
Comment by
JohnJBond on May 08, 2022 11:16pm
Oil is showing amazing strength in a rising USD. Imagine what it looks like in yen Oil May of been down $2 an hour or so ago but it's up as I write this Even with Dow futures off 300 plus
Comment by
kavern23 on May 09, 2022 11:28am
Hopefully NG shows people the value of hedging....after down 50 cents on Friday...Natural gas 70 cents down today to 7.40.... The speed shows this was stupid speculation....greedy will get destroyed and lots of retail etf speculators dont have a f*ckin clue in what they are doing.