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re: BMO to Exit Oil And Gas Investment Banking in the U.S.

Posted on 12/1/20 at 10:20 am to
Posted by CFC1905
Louisiana, unfortunately
Member since Nov 2020
174 posts
Posted on 12/1/20 at 10:20 am to
quote:

Yes, and when everyone has exited oil (except China) prices will go very high.


You're not well versed in this subject, are you?
Posted by lsu13lsu
Member since Jan 2008
11481 posts
Posted on 12/1/20 at 10:32 am to
quote:

You're not well versed in this subject, are you?


So, you think when people stop drilling for oil and stop refining gas and COVID ends that prices will go down?
Posted by hubertcumberdale
Member since Nov 2009
6509 posts
Posted on 12/1/20 at 11:27 am to
quote:


Also, people were making money pre-Covid. People looking at oil thinking it isn't $100 barrels so that is horrid have no clue what they are talking about.



what company was making money pre-covid?
Posted by lsu13lsu
Member since Jan 2008
11481 posts
Posted on 12/1/20 at 1:02 pm to
quote:

what company was making money pre-covid?




Shell, for one.
Posted by Thecoz
Member since Dec 2018
2531 posts
Posted on 12/1/20 at 3:49 pm to
Hmmmmmm a bunch
Integrated oil corporations will do fine....and continue morphing into energy corporations.
A few start ups will morph and do great
A bunch of trend chasers will go bankrupt and lose other people's money.
Posted by Klark Kent
Houston via BR
Member since Jan 2008
66791 posts
Posted on 12/1/20 at 3:53 pm to
quote:

what company was making money pre-covid?


Posted by Samso
nyc
Member since Jun 2013
4730 posts
Posted on 12/1/20 at 3:55 pm to
This has nothing to do with Biden. It’s due to oil and gas being the worst sector in the economy last 5+ years.
Posted by lsu13lsu
Member since Jan 2008
11481 posts
Posted on 12/1/20 at 3:56 pm to
Posted by CheesyF
Member since May 2017
389 posts
Posted on 12/1/20 at 9:36 pm to
eh i dont think it has much to do with the future. still have 5 or 6 billion in energy loans in canada. they were in a lot of risky deals and lost their arse. plus they play 4th fiddle to other canadian banks, nevermind all the US banks.
Posted by Turbeauxdog
Member since Aug 2004
23183 posts
Posted on 12/1/20 at 11:14 pm to
quote:

no he didn't

you're being histrionic

i bet you also say that you're a "rational thinker" and liberals are "emotional thinkers"


quote:

"Would you close down the oil industry?" Trump asked Biden. "I would transition from the oil industry, yes," Biden answered.
Posted by lsu13lsu
Member since Jan 2008
11481 posts
Posted on 12/2/20 at 10:18 am to
I think he just wanted to use the word histrionic.
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