It's not just government policy that's a problem in Canada, they've got eco-terrorists that have attacked oil workers and pipeline workers. One of the points brought up by the trucker's convoy people was that these anti-oil terrorists where handled with kid gloves by the government, iirc they weren't even prosecuted.
Thanks for another excellent column. I am looking forward for tomorrow's space.
In a previous cycle, Canadian dollar would reach a near parity with US dollar when oil price is as strong as today. Canadian dollar, however, remains very weak (about 29% from the parity) in the current cycle. How much of the current high ROCE of Canadian energy producers is due to the weak currency?
By the way, if one just wants to be a passive listener in a Twitter Space, one can use any desktop web browsers.
It's not just government policy that's a problem in Canada, they've got eco-terrorists that have attacked oil workers and pipeline workers. One of the points brought up by the trucker's convoy people was that these anti-oil terrorists where handled with kid gloves by the government, iirc they weren't even prosecuted.
Hi Arjun,
Thanks for another excellent column. I am looking forward for tomorrow's space.
In a previous cycle, Canadian dollar would reach a near parity with US dollar when oil price is as strong as today. Canadian dollar, however, remains very weak (about 29% from the parity) in the current cycle. How much of the current high ROCE of Canadian energy producers is due to the weak currency?
By the way, if one just wants to be a passive listener in a Twitter Space, one can use any desktop web browsers.