I think Saudi is more concerned about Russia & ISIS (now producing some oil for all their territorial gains) than Canada IMHO. I don't think Saudi would play this out to long in the present climate, they might try to ratchet down POO this week to make POO cut hurt a bit more but due to Saudi's fiscal position (less strong than in 73, late 80s) I don't think POO will stay so low for long. If POO doesn't reverse soon, airline stocks, retailers of petrol & gas (not Origin altho they might become retailer & less profitable if POO stays so low) & even commodity producers of metals like Copper & Iron will be best buys of 2015. IMHO sentiment will change.
TLU Price at posting:
0.5¢ Sentiment: Sell Disclosure: Not Held
SXY Price at posting:
34.5¢ Sentiment: Buy Disclosure: Held
