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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: Goldberry who wrote (8745)3/22/2002 11:27:21 AM
From: stan_hughes  Read Replies (1) | Respond to of 24920
 
Graham - Interesting thought, I had forgotten about all the NG sabre rattling by Canada when the latest softwood flareup started.

I believe that tough talk was also pre 9/11, so I think it even more questionable now whether Canada would ever do such a thing, but you never know. Just the perception of it could drive markets without the act.

If I were Chretien, I'd be more worried about driving Alberta into the arms of the US than I would about collecting an export tax on NG. But I'm not your Prime Minister.



To: Goldberry who wrote (8745)3/22/2002 12:19:57 PM
From: Cogito Ergo Sum  Respond to of 24920
 
Hi Graham, thanks for the link.
Prefaced by: I'm not a fan of the Liberals...

Chretien made his famous phone call to Bush (where he set him straight LOL) re: the lumber duty when it first broke and the line was something like : You want our gas but you don't want our lumber ?
Well I'm still waiting... but Stan's point is good. It's the 'perception in the market'. That might also explain the weakness in coal despite the NG and oil strength.

As far as driving Alberta away, I think they'd be more likely to just go it with BC than ever join the US. One of the most defining factors of a Canadian is 'not being American' ;o)

regards
Kastel