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

To: johnlw who wrote (18948)	4/11/2012 12:31:29 PM
From: VisionsOfSugarplums	Respond to of 24927

One of the companies mentioned in there, ARX.TO, was hanging in there till a few days ago, then whack... I think they have about 40% of their gas hedged via a swap looks like, and 40% or so of their production is oil and NGLs, but doesn't look like that's enough...I guess we'll get a better sense of it all once Q1 comes out and then bank reviews over the next while. Tough environment.

To: johnlw who wrote (18948)	4/11/2012 12:32:26 PM
From: teevee	3 Recommendations Read Replies (1) \| Respond to of 24927

Yes, the banksters first short the crap out of the energy sector before calling in the lines of credit. The lucky companies get bought deals done, and the banksters in part cover the short with the bought deal, and dump the remaining stock into the mutual fund products they sell to their retail clients....fees, fees and more fees, and downloading balance sheet risk on naive retail clients.....don't forget fees for the upcoming mergers, amalgamations and outright company and property sales. A lot of energy sector shareholder capital will be transferred to banksters balance sheets. Should be a couple of good quarters for bank stocks.