Tell you?... It was a question... That funny little squiggley thingy at the end of the sentence kinda indicates that
I'm extremely comfortable as is... Now is a fine time to shop for production
The only people hedging at this low price are major, vertically integrated oil companies that have refining capacity and own production.
Precisely... Now that you understand that geopolitics is a major variable in this current pricing environment, you can appreciate that the price will 'right' itself once the political ends has been achieved
Therein lies your failure. If you're going to tell me how to think or reply to that which you can only wish I said so you'd have something to counter, there's no point talking and you're just a time wasting troll. Do try and keep up....
Now do you have anything to counter my guesstimate that OPEC nations are angry with Harper support for Israel or not. Yeah - I know, I said it in the name of an Israeli wine - but that would require thought on your part to figure out - an unlikely event
Who's going to buy your synthetic and gritty goop at the price you need when they can get it for a $47/bbl market price or even cheaper from an outlaw? They didn't have to single out Canada to crash the market. Then Canada sided with their enemy. What have they got to lose?
Hell ... and it's even spelled out....:roll:
Like I said before.... Whatever makes you comfortable. Denial's your right