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.

Canadian Oil Offers More Bang for the U.S. Buck

CN $ appreciating now too, the strongest currency in the world with their fiscal responsibility. Alberta taxing to come down. who knows maybe when they dump Harper the SIFT tax will go or be modified, you can't have rising taxes on retirees who own most of the CN Trusts when there is recession.
Oh Canada, Glorius............