Federated will keep stealing western Canadian's money...
They have the lowest feedstock cost... and some of the highest fuel prices...
They have the lowest feedstock cost... and some of the highest fuel prices...
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Oil down 30% now......lots of money to be made in the chaos...Comment
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Assuming Unifor doesn’t break the law and start blocking truckers again, diesel fuel will be back in the 70’s shortly.Originally posted by bucket View Post
Big margins though, hopefully decent dividends.Comment
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Ok, just looked at the markets, Brent crude trading at $35.90 for May in overnight trade. I would say this looks very bad for opening trade tomorrow.Comment
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.63 initially. If we are not at war in 48 hours, it will be because the President of the US has decided not to. I suspect he's getting absolutely hammered with reasons right now. Say a little prayer tonight, if it was anyone else, the missles would be in the air right now. This is an absolute prime environment for war breaking out. They need a distraction and someone WILL default this week. Commerz, Deutsche, they are done.Originally posted by TASFarms View PostComment
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Down 10.65 a barrel now about to see the twenties wti. CrazyComment
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Just WOW wheels coming right off boyz.Comment
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Wasn't long ago that low oil prices were considered good for the world and US economy, must have been before the shale revolution.
Is there any reason why the US can't isolate themselves from this, and let the rest of the world battle it out to be the lowest cost producer? They spent decades having an export ban to protect domestic supplies, any reason they won't institute an import ban (or at least a minimum price, below which imports aren't permitted). Not a good outcome from a Canadian perspective, but seems like a probable outcome. We would then have no choice but to join the US.
This may finally be the point where low prices cure low prices(eventually).Comment
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