Post by
Experienced on Jul 06, 2024 7:34pm
Be Careful What You Ask For
Saw a clip today on the Biden interview with George. We can see the whole thing tomorrow.
As expected George asked a "softball" question - "Did you watch the debate you had with Trump?" (Personally can't think of an easier question)
Biden's answer?
"I don't think so"....Really?...he didn't know if he did or not!!!...reminds me of mother-in law with dementia (Gawd rest her soul). One day I stopped by to see her between meetings when she was in the "home" and asked if she had had lunch. She responded "I think so, I am not hungry"
End Result?
Baring a big surprise...Trump should win in November.
Good news?
So why the topic??
While despite Biden's best efforts, oil production in the US has increased. Under Trump it could well increase significantly. More US oil production - lower WTI unless the Saudis cut production significantly and not sure they will do more than they already have done. Implication - possible lower earnings for oil producers
For oil investments - something for sure to keep on the radar.
Comment by
Experienced on Jul 07, 2024 4:20pm
Marty....not sure I agree with you on this but for the sake of argument let's assume you are right... In this case I would ask myself as an investor in SU (or other Canadian oil producers for that matter) how reduced regulation, expenses and taxes for US based oil producers from Trump helps my investment in SU. If anything, IMO it would make them more attractive than SU.
Comment by
Marty47 on Jul 07, 2024 5:38pm
Haaa sorry i was talking more about usa oil companies but remember Justin soon after will be gone and the new government of pollievre will definitely also relax rules for oil companies in Canada , at least the sentiment will be more positive than the leftist libtards .....
Comment by
Experienced on Jul 07, 2024 8:33pm
Well in terms of what any of this means for oil companies and investments in general..couldn't have said it better... https://www.youtube.com/watch?v=3SJr44m-w1Y