One of the largest foreign holders of Canadian energy stocks says investors are turning away from the country, frustrated over Prime Minister Justin Trudeau’s failure to get pipelines built to ease a record discount for oil-sands crude.
In a letter to the prime minister, Darren Peers, an analyst and investor at Los Angeles-based Capital Group Cos., warns investors and companies will continue to avoid the Canadian energy sector unless more is done to improve market access.
“Capital Group’s energy investments are increasingly shifting to other jurisdictions and that is likely to continue without strong government action,” Peers wrote in a letter dated Oct. 19. “I hope that your government will be even more proactive in securing market access which will assure the competitiveness of Canadian energy companies.”
Related. The price of Western Canadian Select closed at $13.46 US a barrel on Thursday. Meanwhile, the American benchmark price, West Texas Intermediate, closed at $56.49 US.
h/t Ken (Kulak)
I smell another rat. Trudeau will do whatever it takes to put Canadian energy companies at rock-bottom prices. Guess-who will step in and purchase controlling interest in many of the larger ones.
And then Trudeau will drop the other shoe, suddenly letting pipelines and refineries and deep-water port infrastructure be built, all to the benefit of their cronies.
Would it be a basic dictatorship? Or Energie Bombardier?
Oh, definitely his ChiCom masters are in play.
if someone thinks that destruction of Canada and the energy sector is not planned then they are fools.
Roman Catholic Trudeau is simply following the instructions of his Jesuit handlers. The order has come down to Venezuela Alberta’s economy.
He is dutifully reading his prepared scripts and displaying his drama background by appearing thoughtful and concerned while addressing his government’s inaction posing as action on camera.
Then he goes back to watching Sophie plan his sock selections for the week.
That bee in your bonnet has got loose again, I see.
I see JJM. I imagine in your world that the perfect storm of conditions required to get us to today are just coincidences.
All pipelines of any significance are opposed by “protestors”, politicians, and “environmentalists”. And if that’s not adequate, judges will step in as well.
Fracking is suddenly opposed, despite being a many decades-old technology.
Oilsands are suddenly opposed, despite being decades old technology. Even sagd operations, which are clean, are opposed.
The anti-scientific fraud of AGW is made up, and the solution is taxing the oil and gas industry almost exclusively. But only in Canada, which targets Alberta.
Carbon taxes are imposed.
Hollywood actors and producers all become vocal against the oilsands in Alberta. (But not the heavier oilfields in their own backyard in California.)
Royalty rates are increased by both fake-conservative Special Ed, and then communist Rachel Notley.
Far-left media (all of it) continuously pumps out lies against the oil and gas industry.
The coal industry is annihilated, and Alberta taxpayers are forced to pay for coal-fired electrical generation plants to be shut down far before their useful life.
Taxpayers are forced to pay for the KM pipeline expansion, which then doesn’t get built anyhow.
But I’m just crazy. Your theory is far more plausible.
Right?
What does any of this have to do the Roman Catholic Church?
You do know that it doesn’t own a weather machine, right?
We sold that ages ago.
All of the above were events orchestrated by the Roman Catholic’s Church Militant order – the Society of Jesus, aka the Jesuits.
watto is really quite insane.
Might just need a tighter tinfoil hat.
As for how Watto views some of the other viewers here (favourably), I’m reminder of the wisdom of Wanda:
https://www.youtube.com/watch?v=2j3adcbEwSM
Tacky tho’ it is, I must quote myself on Greaterfool. ”
thanks trudeau, how complicated can a pipeline be to build, well for him obviously hard
– Real easy for him, as he never wanted it built in the first place. He’s a true-born “Save-the-Earth’er”, and Soros and the Sierra Club are whistling his marching-song; I’m sure he laughs himself to sleep over the collapse of Energy East, Trans-Mountain and Keystone XL. And in other news, Western Canada Select is ~ $15 a barrel; no pipeline to get it to market, and the First Nations and Sierra Club are trying to get a judge to outlaw oil transport by truck / train.
“Leave all that filthy oil in the ground – the Earth you save might be your own!!!” ad nauseam. And Canadians can go back to hewing wood and drawing water, to make a buck… “
“Canadians can go back to hewing wood and drawing water…”
Oh dear, no. Hewing wood will result in burning the stuff for heat and that’ll contribute to climate change. As for drawing water, we have to conserve it all now in case we run out of it.
not only that but the headlong rush by the likes of Mulruin and Cretin to arrange ‘trade agreements’ with chirer gave us the unintended consequences of invasive beetles that given time will sweep all those great forests out of existence.
because the chirese are the world’s experts at ignoring regulation, safety, long term, etc in pursuit of cash.
– Yes, but… but… err, but…
I thought the latest craze in the U.K. was cutting down forests (conveniently located elsewhere) and burning the wood in biomass-fuelled generators? To make ‘eco-friendly’ electricity? Because the biomass, while it’s growing back after you cut it down, absorbs all the eeevil CO2ies released from burning the biomass in the first place? So, “burning biomass is carbon-neutral”?
No?
So confuuused…
watto, no yer not crazy, just an asshole!!!
Feel free to expound on your insult NME.
Everyone is out to get you, Watto.
You’re being watched.
let the freaking Indians freeze in their homes be it a tent or a trailer.
Government, from the SCOC down to the provinces have all done their best to hamstring the oil sector to the point where now industry rent seekers are crying for “government” to curtail production to lesson supply. Rather than allowing the most unprofitable firms to shut in production, allowing profitable firms to continue, central planning is seen as the answer to the problems created by central planning. Meanwhile the Feds are working on the charade of the “right” amount of central planning to potentially, maybe allowing one lousy f…ing pipeline to get twinned. While Canada was under the governance of an overly timid but relatively competent Conservatives, the media was actively programming the drone electorate to envy Obama, hate Harper and above all resent the most dynamic economic advantage of the Canadian economy, the Oil Patch. Mission accomplished.
I see lots of conspiracy-theory spinning going on in the comments today.
I guess the truth – that we simply have incompetent, high-minded child-politicians running the country – is just too straightforward.
I blame the Freemasons.
No it’s the Rosacrucians.
And what about the Oddfellows and Foresters?
Also, notice how those Rotarians and Kiwanis keep well below the radar too. But they’ve got to be up to no good.
I think we should be told.
What is the religion of the overwhelming majority of the incompetent politicians with portfolios or access to real power? How about the federal judges? And the supreme court justices? Who do they ultimately report to? The Canadian electorate, or the Jesuit pedophile with the pointy hat in Rome?
– I can answer that – they all worship in the Temple of Filthy Lucre (Reformed).
– (Reformed), because unlike the worshippers in the original Temple, who believed in making obscene amounts of filthy lucre, the worshippers in the Reformed temple don’t make their lucre – they just take it from us.
I find it interesting how people immediately know that the groups such as the Freemasons are really secret societies. Yet the lowest level Freemason often is naïve to that fact, and may live out his days knowing no better. Perhaps only knowing that it’s a society with secrets.
Yet the vast majority of Roman Catholics spend their entire lives in the world’s largest and most powerful secret society, and believe that it is actually a Christian organization. This despite its history being fabricated, its slaughter of actual Christians, as well as Muslims and Jews, its creation of the Inquisition, and its role in fabricating lies that are today believed to be science.
But I imagine it’s very hard to break out of a cult. Step one though is admitting that you are in one, and that’s one step further than most of Rome’s victims will take.
Yes, dear.
That’s nice.
JJM, child-politicians voted in by child-electorate
Someone could think that the Liberals are maneuvering Canada’s energy assets into near bankruptcy so other parties with iron clad allegiance to their party take ’em over for a song and a bag of magic beans just before, like magic horizontal beanstalks to the coast, pipelines get built. Bombardier Energy Inc. anyone?
Understand that Gerald’s Butt wants (and he has publicly stated this objective twice) is a post-petroleum – NO GAS, OIL, OR NATURAL GAS – by 2050. Everything that happens plays to that end.
Yes, Trudeau is the ultimate sockpuppet. A quisling of the first order, if he was smart enough to realise it. At least Quisling new what he was doing.
Time for Andy Scheer to launch an agressive “resource development” platform to implement laws to enable Canadian resource and pipeline development in the name of the national interest, a la Canadian Railroad of the 19th. century. Also, to reduce environmental regulations and remove fake “charities” from the process that do not represent Canadian interests and are funded by foreign money. Time to remove charitable status from Greenpeace and other groups that are plainly poltical.
Ah, we can all dream …
Meanwhile, Trump is lowering corporate taxes, slashing red tape and enabling their energy industry to become the world’s largest.
What competent business owner would set up shop in this increasingly expensive, oppressive and unstable environment with the now business-friendly US option right next door? We have some rough, rough times ahead.
All so we can be sure that women, trannies, minorities and queers can be first in line for the few jobs that are left.
Man, I hate progressives.
And Moe is sitting on his hands.
Why doesn’t he launch a lawsuit against the feds?
Against BC?
Against Quebec?
Against Tides?
Against professional protesters anywhere?
There are quantifiable monetary damages here; Scott Moe cares nothing about Saskatchewan. His MLA pension is secure.
Congratulations on supporting the Saskatchewan Party. Clearly, money well spent.
“By any means” appears to be beating “we don’t dare offend anyone in any way”.
Saskatchewan Party is out of their depth. Horgan, the feds, everyone else will break laws to get what they want. Probably have even killed people to achieve their ends.
Moe? He has asked politely for another legal opinion.
Separation.
Separation in the near future.
and for now, Have the major stake holders sit down with the gov’t Premiers and PM. Give clear instructions that the oil production and flow through pipelines will stop, until the pipelines are approved. If it isn’t this week, then next week the natural gas flow will be shut down. It’ll be short term pain for long term gain.
They won’t last. They’ll fold like the cheap suits they are.
Some additional information to add to the investment group’s CEO comments.
“The Canadian oil patch is losing patience with the country’s lack of support for the industry.”
https://energynow.ca/2018/11/energy-ceos-fed-up-with-lack-of-countrys-support-for-energy-industry/?source=de&wtv
Even some native band chiefs have had enough of PM Butt’s efforts to destroy the energy industry.
https://energynow.ca/2018/11/a-national-coalition-of-chiefs-have-united-in-support-of-oil-and-natural-gas-development-demanding-the-federal-government-stop-bill-c-48-and-bill-c-69/?source=de&wtv
One should remember that this is all part of Buttsy’s plan.
None of this was ever hidden.
Canadians cannot afford to live an eighteenth century existence anymore. Freezing in the dark and walking several kilometers to work, school or the hospital is the future Canadians are willing to embrace if certain parties are not turfed.
The catholic church, George Soros, the freemasons, Jesuits, SCC, bongo, buttsy. Ay caramba! – who’d I miss?
Years ago I had a friend who was the executive assistant to a certain Social Credit premier who told me that on a full moon they’d get all the moonbats sending messages of prophesy, gloom, doom and assorted warnings. Every full moon it was the same. No full moon tonight but there could be according to this thread. Ha
The Catholic Church is the only secret society that matters. Freemasonry was long ago infiltrated by the Jesuits – the most powerful order of the Roman Catholic Church.
The Jesuits are amazingly successful because of their extreme hyper devotion to their order, and their willingness to submit without hesitation to any order given them by their General, as though without a will of their own. In their words, to be as a corpse.
They have also hidden themselves. Every action they plan keeps them out of sight. Instead they use patsies. This gives them cover. If anyone starts digging around, they’ll discover that a patsy like George Soros is a Jew. This serves the purpose of whipping up anti-semitism and allowing people to believe inane ideas like ‘the Jews rule the world’. If need be, a patsy can be sacrificed, and another take their place. In any event, the Jesuits stay out of sight.
George Soros, like most every Jesuit puppet, was chosen because he was a Jew, and was more than willing to betray his own for money and power. This makes him very easy to control. If he ever gets out of line, the Jesuits will throw him to the wolves.
You can’t run, Watto.
The Church is everywhere.
A snippet from the Jesuit fourth oath:
I furthermore promise and declare that I will, when opportunity present, make and wage relentless war, secretly or openly, against all heretics, Protestants and Liberals, as I am directed to do, to extirpate and exterminate them from the face of the whole earth; and that I will spare neither age, sex or condition; and that I will hang, waste, boil, flay, strangle and bury alive these infamous heretics, rip up the stomachs and wombs of their women and crush their infants’ heads against the walls, in order to annihilate forever their execrable race. That when the same cannot be done openly, I will secretly use the poisoned cup, the strangulating cord, the steel of the poniard or the leaden bullet, regardless of the honor, rank, dignity, or authority of the person or persons, whatever may be their condition in life, either public or private, as I at any time may be directed so to do by any agent of the Pope or Superior of the Brotherhood of the Holy Faith, of the Society of Jesus.
They seem nice.
By the way, I see that The Great Canadian Superstore has a special on tinfoil.
So if we align ourselves with Montana and North Dakota we might get market rates for our products?
Canada is a farce,as citizens cannot even transport goods over provincial lines.
Separation is the logical response but I would rather resort to the 1789 solution.
The guillotine,because it is our heritage.
And we have far too many useless and greedy people who are owed a comeupance.