beabaggage

Oil Income Stocks Decline to New Price Lows

low share prices to book value of proven safe country CN assets will keep PGH/PWE etc. (long) up. They can tweak capex and hedge to keep cash flow going. SU in a low oil price scenario is a big risk for sure. consolidation of CN oil/gas cos is the next wave. big spiders CVX, XOM, COP etc. can snatch up good assets and potential fields for a song now. tarsands only viable with high oil, regardless of subsidies. new wave of environmental concern for oilsand mess harming migratory birds will keep conventional oil/ngas in focus, unconventional energy (wind, solar, oilsands, etc) again will be a memory just like before. Obama will just not have the money available to make a substantive shift in energy resources. so buy away, load up on fallen canroys and benefit from CN $ appreciation, divs, assets in a safe country, forget clean energy and alternatives.