Would have been a great short when oil was a hun. How low is it going?
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- Thread starter Boots
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Would have been a great short when oil was a hun. How low is it going?
J_F
Guest
true enough
talk that it may get to 20
not to stray to political
but trade wars don't work these days
too much integration
Canadian Oil has its own set of factors, WTI price is but a small part of it.
Personally, I wouldn't short CDN oil, but can think of many reasons why it'll continue to fall, even if WTI recovers.
Personally, I wouldn't short CDN oil, but can think of many reasons why it'll continue to fall, even if WTI recovers.
I wouldn't say the planet wins. Cheap oil will still come from other parts of the world. Just not Canada.
J_F
Guest
the only other sizable tar sands deposit is in Venezuela
with oil at $100/bbl it was not economically viable
if OilCo's can't make a go of it in Alberta
no chance of that reserve being developed
the proposed price of $20/bbl will rule out dirty oil
the planet will win
but continue if you like
good debate LC
with oil at $100/bbl it was not economically viable
if OilCo's can't make a go of it in Alberta
no chance of that reserve being developed
the proposed price of $20/bbl will rule out dirty oil
the planet will win
but continue if you like
good debate LC
I don't think we're talking about the same thing
Oil sands may be the dirtiest and most expensive method, but fracking and conventional drilling is still harmful to the planet. The Middle East will still turn a profit at $20 WTI. It won't be able to balance their national budget, but the cost of extraction is well below $20.
Oil sands may be the dirtiest and most expensive method, but fracking and conventional drilling is still harmful to the planet. The Middle East will still turn a profit at $20 WTI. It won't be able to balance their national budget, but the cost of extraction is well below $20.
I am not brave enough to short Canadian oil producers. For that matter, I'm not optimistic about them, either, so I don't own anything that is purely dependent on Alberta.
There are companies that go all the way from producer to retail ... this should insulate them from the Alberta oil sands situation. (Disclaimer: I own some SU and ENB. There are others.)
There are companies that go all the way from producer to retail ... this should insulate them from the Alberta oil sands situation. (Disclaimer: I own some SU and ENB. There are others.)
Sold. All of it this am. I'll wait for $1202 gold. Rince and repeat.
Dirty Frank
Well-known member
Pirate on pirate action
https://www.bnnbloomberg.ca/marijuana/video/aphria-targeted-by-short-seller~1554885
https://www.bnnbloomberg.ca/marijuana/video/aphria-targeted-by-short-seller~1554885
Dow up 600+ points yesterday because Trump vs China seemed to have a truce in their tariff war. Dow down 800+ points today because people realized that this doesn't really change anything in the big picture.
I bought back some call options that I had sold short. Tomorrow the US will be taking a break to remember the elder Bush.
I bought back some call options that I had sold short. Tomorrow the US will be taking a break to remember the elder Bush.
Roadghost
Well-known member
Gonna wait a couple more days. Hoping the market drops more so I can invest more. Freight volumes have been through the roof this year. Doesn't look anything like a downturn yet. Everyone's busy and everyone's hiring. I blame speculators for the uncertainty. Buy low, and stay in.
Dirty Frank
Well-known member
Anyone ever hear about this classic Chinese business tactic where they place a couple of orders from a business to gain trust then place a huge order that they promptly cancel leaving the target company insolvent leading up to to them buying up the targets tooling for cents on the dollar?
https://business.financialpost.com/...ure-in-china-gets-453-mln-state-rail-contract
https://business.financialpost.com/...ure-in-china-gets-453-mln-state-rail-contract
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Interesting. The things you learn on a motorcycle forum.
If that puts the final nail in the Bombardier coffin it doesn't bother me. Way too much nostalgia and way too little competitiveness associated with the company currently. Government bailout while leaving the family in control to continue to suck is criminal.
Today being yet another down day ... I just bought some LB (Laurentian Bank) which has been beaten up over the last few months. I sold December call options against it (expiration is only a week away). If it goes up and gets called away a week today, I'm fine with that. If it doesn't, I'm okay with the almost 7% yield ... and the ex-dividend date is at the end of December; I'm okay with collecting that, too.
I don't see anything like what you've said in the attached article?
Correct. I think he was just bringing up that this could be the second in the pattern of three orders.
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