Mon, Apr 21, 2014, 2:03 AM EDT - U.S. Markets open in 7 hrs 27 mins


% | $
Quotes you view appear here for quick access.

Canadian Natural Resources Limited Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • mmsa262 mmsa262 Aug 6, 2007 2:46 PM Flag

    Canadian Company doing Oil? I'm in.

    I'm with you on this. Emerging market oil demand, geo-political instability, hurricanes, etc. will drive up the price of oil in time in fits and spurts. Also, the fact that all major oil fields are in decline serves to squeeze supply on the other side of the equation. Long term higher oil prices are going to happen.

    The fact that it is a Canadian company isn't so relevant from a currency play - it's the oil in the ground that is a currency hedge. Unless we get our act together it is inevitable in the long term that oil will be traded in Euro's instead of dollars. That's when our commodity hedge pays off.

40.64+0.64(+1.60%)Apr 17 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Netflix, Inc.
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT
Triangle Petroleum Corporation
NYSE MKTThu, Apr 17, 2014 4:01 PM EDT