@KirkLubimov Madness to spend $40B of tax payer’s money instead of $8-10B of corporate project and call it victory for ridiculous over regulated environmental rules.
@MPelletierCIO They really need a kick in the back from US to realize they need to do something better for the country, even then they are drowned in netzero hysteria. Canada is overall loser if they spend 35B on pipelines + 20B on pathways. It will take the life of the pipeline to pay it off.
@VanIsleInvestor Energy is the only currency that can take Canada out of debt and to prosperity but it should be corporations investing not public money.
@BrianJeanAB Dude this is bad business…. $20B ransom to BC + $20B for pathways and $35-40B for pipeline based on TMX experience. It will never be paid off and all this serves is China’s needs. Canada always loses.
@DeItaone Biggest hurdle is your fiscal, regulatory and climate policies. Capital finds its path where it is welcomed. Canada is not a serious investment destination for capital.
JP Morgan cites the paradox - huge wave of oil descending on a market that "doesn't need" the barrels. Nowhere to go but China and so far China isn't buying. But the bank sees Chinese seaborne imports increasing to 9mbd by Sept. and 10.5-mbd by years end. Keeps Brent target of $86/bbl in this quarter; $80/bbl in 4Q and $63/bbl in 2027.
@Osint613@trend_bullish Do we need 100 with pipelines diverting flows. What would be a reasonable number for full quantities of flows pipelines + Hormuz?