Q: Hi team:
as a Canadain investor I have held the above for a few years, on BNN
market call late last week, the speaker was answering about a question re: pipeline and energy stocks in general, the caller was implying that the US does NOT want us to sell our oil and gas to Asia and the 3rd world at the Market price, but want to buy our oil cheap, I understand that as a Canadian, it would make sense to ship our oil to the East where the refineries are (we are importing oil from other countries); the BNN speaker also mentioned that all the provinces due to political reasons refused to co-operate to have a pipeline built to ship the oil and gas from Alberta to the East coast (The Federal govt does NOT want to see that either)
What is the real future for CNQ; SU, CVE and the big name oil companies ? I do think that unless one trades them as short term trade, the outlook for the long term is bleak for the investors due the the negative political situation. Many thanks for your comments and insights
Michael
as a Canadain investor I have held the above for a few years, on BNN
market call late last week, the speaker was answering about a question re: pipeline and energy stocks in general, the caller was implying that the US does NOT want us to sell our oil and gas to Asia and the 3rd world at the Market price, but want to buy our oil cheap, I understand that as a Canadian, it would make sense to ship our oil to the East where the refineries are (we are importing oil from other countries); the BNN speaker also mentioned that all the provinces due to political reasons refused to co-operate to have a pipeline built to ship the oil and gas from Alberta to the East coast (The Federal govt does NOT want to see that either)
What is the real future for CNQ; SU, CVE and the big name oil companies ? I do think that unless one trades them as short term trade, the outlook for the long term is bleak for the investors due the the negative political situation. Many thanks for your comments and insights
Michael