Detailed view for this entity.
“Where I see the big increase in in consumption coming is the third world and that could be 10 or 15 million barrels over the next decade. But the OECD numbers will flatten and the big increase will be the non OECD the emerging world and that's really the bullish case.”
“The bottom line is we will need by the end of the decade another million barrels of takeaway if we want our Canadian oil industry to grow. Fortunately, our new government in Ottawa is becoming more pro-natural resources.”
“The bottom line is we will need by the end of the decade another million barrels of takeaway if we want our Canadian oil industry to grow. We need to find export capacity either in the West Coast, TMX expansion, or other routes.”
“I think military action is likely. There's a lot of reports saying the US could go as early as this week. Something will happen, and I think that if it happens, it could be a multi-week situation.”
“Some people say you might see 1.5 million by the end of '26 and maybe 1.8 to 2 million when you have to build infrastructure by the end of '27. But take into account what happened in Kuwait when Saddam Hussein was pushed out... things can happen quickly.”
“So we displaced Venezuela you know when you know and now that that return is going to happen where Venezuela could displace Canada. And that's why we need to have access to the Asian markets or European markets.”
“There's arguments that Saudi Arabia could produce 12 million barrels a day. They cannot do it from the field. They have never produced more than 10.5 million from the field.”
“But I think going into office and getting into that prime minister's office and realizing Canada's pie is built on resources. So if you want to have more tax revenue for social services, you need a bigger pie... so it's got to be the industries that have done it traditionally.”
“But then you take in the other ones that are out there. we could be six BCF uh by the end of the decade. Now, let's put that in context. The industry in Western Canada produces 19 to 20 BCF. Six on 20 is a big growth number uh over the over the over the coming years.”
“The reality is we're very overbought and I'll be writing about that in our um Shar Energy report that you know goes out to clients next Thursday. I'll be working on that in the next few days to finish it off.”
“So we're thinking sometime late March, April might be the window and last year the window was late March early early April. And if you go through history, interestingly the most number of bottoms have occurred in March, April.”