Murray T

B.Comm, CPA Keen interest in energy and how we are transitioning to more green sources.

[Tom Hoefling @TomHoefling]

Fool you once, shame on him. Fool you twice, shame on you. Fool you 39 times, you're as crazy as he is.

[🏴‍☠️ @calvinfroedge]

So would you say that the chances of a deal dropped precipitously at about 4:01 p.m. Eastern time?

[SK | Tech @sk_signals]

Iran directly rejects Trump's new claim that he reached an agreement to "cancel tonight's strikes" on Iran as "baseless," saying no agreement has been approved at all, and all of Trump's words should be disregarded like all his previous "38 times" deal-imminent announcements over two months, per Tasnim.

A senior Israeli official also tells Channel 12 they are "not aware of any agreement being reached," per N12.

[Murray T @murtro1]

Deal #38

[unusual_whales @unusual_whales]

BREAKING: Trump says negotiations with Iran negotiations are "pretty much wrapped up."

[Murray T @murtro1]

Shocker of the day.

[unusual_whales @unusual_whales]

BREAKING: Canada has unexpectedly fallen into a technical recession for the first time since 2020.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

This crude disruption is so large, no one really can wrap their head around losing ~14.5M bpd, going on day 86 now. Even *IF* there is a deal, the current deal that is under discussion reportedly includes a 60 day extention of the current ceasfire. With any EXCESS inventories in global floating storage drained, and with the joint SPR drain (US is in an even worse postion due to the SPR drain during the prior administration), the cushion is gone.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

The divide between what is being relayed in the US media vs Iranian media on this deal is large enough to drive a mack truck throught it.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

The Strait of Hormuz is STILL effectively closed. Day 85.

[Chris Martenson @chrismartenson]

Oil executives, analysts, major banks, and even Reuters are now all reporting the same thing: the full impact of the Strait of Hormuz closure has not yet been felt, and it's coming. Expect major price spikes in energy right as the summer driving season is starting and inventory buffers are running out.

Folks - this is serious, and you need to be prepared.

Full report: https://t.co/iGbxpuEXrT

[Melissa Mbarki @MelissaMbarki]

The constraint is infrastructure. Canada does not currently have the pipeline capacity to move Western oil and gas to the Atlantic coast at scale. Nor do we have LNG export terminals on the East Coast.

Europe is looking for reliable partners within the OECD. Canada is precisely that. Supplying energy to European allies strengthens transatlantic ties, supports economic resilience and reinforces Canada’s role as a serious country capable of executing large projects.

If we do, the outcome is clear. Tens of billions in annual exports, thousands of jobs, stronger public finances and a meaningful role in global energy security. If we do not, the outcome is equally clear. We remain dependent on a single market, continue to accept discounted pricing, and watch others capture an opportunity that was well within our reach. This is not a question of resources. It is a question of resolve.

[Murray T @murtro1]

@PATCHnHrd @Steele_MJ I think you meant to say “No one”.

[Brad Wall @BradWall306]

The fact that the central Cdn media do not seem to challenge the Liberals on this objectively, comically and irresponsibly nonsensical claim is sadly - not a great surprise. Please send me some evidence to the contrary and I will share.

[Eric Nuttall @ericnuttall]

Not a single purchaser of crude oil in the world asks nor cares about the carbon footprint of the barrel, instead is 100% focused on accessibility, affordability, and reliability. I do not see how we overcome this massive misunderstanding which underpins all ongoing negotiations.

[Murray T @murtro1]

@RealPeterLinder Successful prediction on Q1 results, poor prediction of effect to stock prices so far.

[Tracy Shuchart (𝒞𝒽𝒾 ) @chigrl]

Is not front month crude oil prices that should be concerning, it is the backend that has consistantly risen ..the market is telling you higher for longer

[Harrison Ford @HarrisonFordLA]

May the fourth be with you

[Murray T @murtro1]

@DBatDad @RealPeterLinder 1) I’m talking about stops on your S&P holdings.
2) you can enter “market” stops ensuring they get executed but granted might be lower than your stop.

[Murray T @murtro1]

@BNNBloomberg are you sure Andrew Bell has to retire? Friday he retired. Monday BNN “Gold is at forty five thousand dollars a barrel”.
🤔

[Murray T @murtro1]

@MPelletierCIO @BNNBloomberg Good stuff - one other point when comparing to Norway is that Norway invest 100% outside of the country. That’s a huge difference vs Canadas levered debt fund.