ManAboutDallas

Bullish Energy Market Is Over, When Will it Begin Again?

As I write these words, the US$ has just punched its way past $1.30 against the Loonie. Or, from the other end of the looking glass, the CnD$ is now $.77 in Helicopter Ben money.

These sorts of temporary dislocations are the ".... tides in the affairs of men which, taken at the flood, lead on to fortune".

Combine the US$ surge with the collapse of Canadian junior E&P's due to the oil price decline, and the whole Great White North is looking like Bargain Basement Fire Sale at Filene's.