There will be supply disruptions for a while. As gas and gasoline prices spike, Canadian oil companies are positioned to continue producing as much as they can and benefit from the situation.
More Quotes from Kate Warne:
I think there was a shock reaction (at first) and then people said 'Is this very worse than we thought it was going to be' And the answer was no. Yes, it was a down day but it wasn't very much of a down day, ... I think the sentiment is cautious but not as worried as would be expected.Kate Warne
It was probably a case of scale up or sell, and (Bank of Montreal) decided it did not want to make the strategic investment needed.
Kate Warne
What an ugly day. A day you didn't want to be around to watch. It was just a market that was nervous and unhappy about the news of the day.
Kate Warne
I think people decided this morning's sell-off was probably a mistake.
Kate Warne
But the real concern is not whether first quarter earnings were stronger than the fourth quarter, but whether orders and sales continue to pick up.
Kate Warne
I think what we saw was perhaps a bit more excitement at the end of the year than was warranted. Today we're seeing much more of a negative sentiment than is warranted.
Kate Warne
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