Quote:
Originally Posted by GGG
A forced production cut is good newsfeed you aren’t Suncor, Imperial or Husky. The lawsuits that follow will be interesting and could be costly to the provonce. However with the price at $17 a 10% production cut only needs to drive the price up by $1.70 to make all the non-integrated producers better off.
I honestly don’t know where I stand with government intervention like this. It’s likely a positive short term but it is dangerous form an external investment standpoint.
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That ship has well and truly sailed.
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