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Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (9745)	12/11/2015 10:33:30 AM
From: louel	3 Recommendations Recommended By biggerbob68 Hog Head Slushie Respond to of 10654

The article is correct. I don't expect Oil to return to the $70/80 range till mid 17 into 2018. It was the increased production from the Bakken shale combined with the Tar Sands. Which resulted in over supply in a World where the Economy is stumbling in one country or another as it tries to adjust to the QE programs. The Newly elected Prime Minister appears adverse to all fossil fuel production. While the Alberta premier is shutting down coal mining and use which generates Alberta Power. Plus encouraging more carbon collector plants like the one Shell oil just put into operation. In a trade off with Canadian environmental groups. In an exchange for pulling back their resistance to a pipeline. Routed to an off shore terminal on the east coast. I said in another post. Not to rush to buy Teck shares. There would be plenty of time when the bottom is confirmed. I expect to see Teck shares in the 2 or $3 range before they finely bottom out. It's a long road yet. What they eventually do with Shaft Creek at this point. Is still anybody's guess. They could even reach a mutual agreement between the J/V partners to temporarily reduce spending there. The financial actions of both companies should be concerned with long term survival at this point.