Post by
Toppicks1 on Jan 18, 2025 9:00am
Tariffs
Monday it will be interesting to see if the oil and gas that Canada ships to the US is hit with the 25% tax.".... Trumps press seceratary said over 100 executive orders will be signed the first day... I think there is very high odds that oil and gas will be taxed...... not sure for how long or if it will be negotiated as time passes... 1st problem with negotiations Trump Hates Trudum....will be watching some of these oil stocks for bargains... CNQ down over 4$ since US election... may create a opportunity..... I like this one if takes a hit.....
Comment by
Toppicks1 on Jan 18, 2025 9:11am
That being said the December low on the 23rd of 11.84 might be a good place to start.... time will tell....
Comment by
RiverCartel on Jan 19, 2025 2:53pm
Price of gas will spike for US customers - Rednecks have big truck that use plenty of diesel and that is his voting base.
Comment by
geemonet on Jan 19, 2025 6:53pm
Counter point to this is that tariffs on Canadian oil will boost the US oil. They have lots of ports, they can get oil from anyone.
Comment by
Gmcdonagh89 on Jan 20, 2025 7:34am
Indeed but at what price and in support of which countries..SA or maybe Venezuelan commies, besides their refineries are set up for western H oil
Comment by
Overertune on Jan 20, 2025 4:30pm
See. No tariffs yet. Trump love low oil prices. He doesn't mind about NG because it is shipped to Europe and Asia.