Still think TITNC3: Return of the Iceberg was peak

MedlinAround · Feb 22, 2021

Rustytaco71 said: ↑

AMC making a run after hours.
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Hopefully $2G more to the good. What i need to make up

TreeFortRichard · Feb 22, 2021

moto.mike said: ↑

i'm annoyed cause i tried buying in (add) right at 5 twice (my limit)...but each time it bounced off at like 5.02. grr!!!!
i have a very small position at $5.00.
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Most expensive was Bought 50 VET @ $5.9099 So I kept chasing it down to 100 VET @ $4.65...

The real benefit of dollar cost averaging...I wanted 1,000 shares over the course of 2 weeks anticipating a rebound in Oil stock value post Keystone announcement Jan 19. I knew that $VET was not impacted negatively by the pipeline shutdown, but the shares were down. Basically ALL the oil that would go through the new pipeline would now just be shipped by trains or through other pipelines...The Canadian oil co's would have to reconfigure their distribution back to pre-pipeline modes. This puts THOSE companies in a delay...

CALGARY/NEW YORK, Jan 22 (Reuters) - The Keystone XL pipeline project may be dead, but the United States is still poised to pull in record imports of Canadian oil in coming years through other pipelines that are in the midst of expanding.

U.S. President Joe Biden canceled Keystone XL’s permit on his first day in office Wednesday, dealing a death blow to a long-gestating project that would have carried 830,000 barrels per day of heavy oil sands crude from Alberta to Nebraska.

Environmental activists and indigenous communities hailed the move, but traders and analysts said U.S.-Canada pipelines will have more than enough capacity to handle increasing volumes of crude out of Canada, the primary foreign supplier of oil to the United States.

Currently, Canada exports about 3.8 million bpd to the United States, according to U.S. Energy Department data. Analysts expect that to rise to between 4.2 million and 4.4 million bpd over the next few years. Pipeline expansions currently in progress will add more than 950,000 bpd of export capacity for Canadian producers before 2025, according to Rystad Energy.

Biden’s administration has set a goal of moving towards decarbonization and reducing the country’s reliance on oil and gas and cutting harmful air pollutants. Most of the nation’s energy still comes from fossil fuels.

“Whatever limited benefit that Keystone was projected to provide now has to be obviously reconsidered with the economy of today,” said Gina McCarthy, Biden’s leading domestic climate policy coordinator at the White House.

Even without Keystone, however, the United States now relies on Canada for more than half of its imported oil. Several of the lines carrying that crude are in the midst of expansions.

Enbridge Inc’s Line 3 replacement project is in the process of doubling its capacity, which will allow it to deliver about 760,000 bpd of crude from Alberta to Superior, Wisconsin, by the end of this year.

Canada’s government is also expanding the state-owned Trans Mountain line by 590,000 bpd to 890,000 bpd. That line terminates at the Port of Vancouver, where it should be able to deliver barrels via tankers to the United States.

Meanwhile, TC Energy received U.S. approval last year to expand its existing Keystone 590,000-bpd line - located far from the proposed Keystone XL - which would add an additional 170,000 bpd into the U.S. Midwest and Gulf Coast.

“We will be over-piped assuming the other pipelines go ahead on schedule,” said Wood Mackenzie research director Mark Oberstoetter. “If you add them all up, you can make the argument KXL was not needed.”

Construction underway on Trans Mountain and Line 3 could still be held up by environmental protests, but unlike Keystone XL, both pipelines have cleared legal and regulatory hurdles.

Oil production in western Canada will rise in 2021 to a new record of 4.45 million bpd, RBN Energy estimates, up from 3.9 million bpd in 2020, most of which will be exported to the United States.

Canada is the world’s fourth-biggest crude producer, but has been grappling for years with congestion on pipelines. That caused a glut of oil in storage tanks in Alberta, driving prices down, and spurring the province to impose production curtailments to drain record inventories.

Those curtailments were lifted in November, and production has been rising ever since. Even as production is rising again, pipeline companies have boosted efficiency on existing pipelines through the use of drag-reducing agents.

“While the politics around KXL will continue to reverberate for some time, the reality is that western Canada - for the first time in recent memory - may soon reach a juncture at which it has excess oil export capacity,” Rystad Energy’s vice president for North American shale Thomas Liles said in a note.
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TreeFortRichard · Feb 22, 2021

It's $VET's international exposure that left it free of the Keystone malarkey....

06trdtaco · Feb 22, 2021

In CTXR at $2.24 today.

Will ride it to the moon

Sandman614 · Feb 22, 2021

Rustytaco71 said: ↑

AMC making a run after hours.
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Thinking I should close out now and get back in when it comes down.. or should I wait, in @9.32

Rustytaco71 · Feb 22, 2021

Sandman614 said: ↑

Thinking I should close out now and get back in when it comes down.. or should I wait, in @9.32
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I jumped out, took my losses. I was stupid and bought at its peak which was like $19.

MedlinAround · Feb 22, 2021

Sandman614 said: ↑

Thinking I should close out now and get back in when it comes down.. or should I wait, in @9.32
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They reported New York theaters could open at 25% capacity beginning March. Sure that's what has to do with the increase.

Not your financial advisor but I'm in at $9.59 right now and I'm deciding to hold for a bit is my play. I can still seeing it hit around the $10 fully running or operating with people wanting to get out even though some here don't agree.

06trdtaco · Feb 22, 2021

Rustytaco71 said: ↑

I jumped out, took my losses. I was stupid and bought at its peak which was like $19.
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I feel you man...I bought in at $18...lol.

Haven't sold and told my wife I may never sell as I like having AMC as the top listing alphabetically in our account. Constant reminder of the stupid decisions I'm capable of

Rustytaco71 · Feb 22, 2021

06trdtaco said: ↑

I feel you man...I bought in at $18...lol.

Haven't sold and told my wife I may never sell as I like having AMC as the top listing alphabetically in our account. Constant reminder of the stupid decisions I'm capable of
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Lesson well learned lol. If you see it trending on the internet/reddit, probably not a good buy and late to the party.

I am not a financial advisor, this is not financial advice.

MedlinAround · Feb 22, 2021

Rustytaco71 said: ↑

Lesson well learned lol. If you see it trending on the internet/reddit, probably not a good buy and late to the party.

I am not a financial advisor, this is not financial advice.
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I feel like anything that gains rapidly nowadays "trends" online

cartter469 · Feb 22, 2021

Got into CTXR at 2.23. Couldn't let you guys have all the fun.

Sandman614 · Feb 22, 2021

MedlinAround said: ↑

They reported New York theaters could open at 25% capacity beginning March. Sure that's what has to do with the increase.

Not your financial advisor but I'm in at $9.59 right now and I'm deciding to hold for a bit is my play. I can still seeing it hit around the $10 fully running or operating with people wanting to get out even though some here don't agree.
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Good news, good reason to hold. Maybe it'll hit $8 or $9 again when the world gets put back together.

RedWings44 · Feb 22, 2021

ETH rebounded nicely. Was looking a little sketchy for a bit. Still hurting elsewhere though. Ford is really coming through for me!

TreeFortRichard · Feb 22, 2021

$CCIV
oooof....

Iwilltaco · Feb 22, 2021

TreeFortRichard said: ↑

$CCIV
oooof....

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As the rumor becomes reality?

TreeFortRichard · Feb 22, 2021

Iwilltaco said: ↑

As the rumor becomes reality?
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Yea..
Trying to vulture shares at $47.50 right now after hours...

Iwilltaco · Feb 22, 2021

TreeFortRichard said: ↑

Yea..
Trying to vulture shares at $47.50 right now after hours...
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I like it

TreeFortRichard · Feb 22, 2021

Iwilltaco said: ↑

I like it
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FILLED

scottstrong89 · Feb 22, 2021

TreeFortRichard said: ↑

$CCIV
oooof....

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Yea that merger just got announced?

98tacoma27 · Feb 22, 2021

scottstrong89 said: ↑

Yea that merger just got announced?
Click to expand...

Not yet...

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Still think TITNC3: Return of the Iceberg was peak

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MedlinAround Failure is the result of letting setbacks stop you

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TreeFortRichard Barcelona Red is the best red...

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06trdtaco shouldn't be trusted

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Rustytaco71 Well-Known Member

#9607
MedlinAround Failure is the result of letting setbacks stop you

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06trdtaco shouldn't be trusted

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MedlinAround Failure is the result of letting setbacks stop you

#9611
cartter469 A College kid who went broke for a truck

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Sandman614 Ex-Snarky TWSS elf, Travis #hotsavannahdotcom

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TreeFortRichard Barcelona Red is the best red...

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TreeFortRichard Barcelona Red is the best red...

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TreeFortRichard Barcelona Red is the best red...

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Welcome to Tacoma World!

Still think TITNC3: Return of the Iceberg was peak

#9601 MedlinAround Failure is the result of letting setbacks stop you

#9602 TreeFortRichard Barcelona Red is the best red...

#9603 TreeFortRichard Barcelona Red is the best red...

#9604 06trdtaco shouldn't be trusted

#9605 Sandman614 Ex-Snarky TWSS elf, Travis #hotsavannahdotcom

#9606 Rustytaco71 Well-Known Member

#9607 MedlinAround Failure is the result of letting setbacks stop you

#9608 06trdtaco shouldn't be trusted

#9609 Rustytaco71 Well-Known Member

#9610 MedlinAround Failure is the result of letting setbacks stop you

#9611 cartter469 A College kid who went broke for a truck

#9612 Sandman614 Ex-Snarky TWSS elf, Travis #hotsavannahdotcom

#9613 RedWings44 Well-Known Member

#9614 TreeFortRichard Barcelona Red is the best red...

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#9616 TreeFortRichard Barcelona Red is the best red...

#9617 Iwilltaco Well-Known Member

#9618 TreeFortRichard Barcelona Red is the best red...

#9619 scottstrong89 AhsokaTaco

#9620 98tacoma27 is going full "SANDWICH" Moderator

Products Discussed in Entire Site Forum: Stocks & Investments Thread: Still think TITNC3: Return of the Iceberg was peak

#9601
MedlinAround Failure is the result of letting setbacks stop you

#9602
TreeFortRichard Barcelona Red is the best red...

#9603
TreeFortRichard Barcelona Red is the best red...

#9604
06trdtaco shouldn't be trusted

#9605
Sandman614 Ex-Snarky TWSS elf, Travis #hotsavannahdotcom

#9606
Rustytaco71 Well-Known Member

#9607
MedlinAround Failure is the result of letting setbacks stop you

#9608
06trdtaco shouldn't be trusted

#9609
Rustytaco71 Well-Known Member

#9610
MedlinAround Failure is the result of letting setbacks stop you

#9611
cartter469 A College kid who went broke for a truck

#9612
Sandman614 Ex-Snarky TWSS elf, Travis #hotsavannahdotcom

#9613
RedWings44 Well-Known Member

#9614
TreeFortRichard Barcelona Red is the best red...

#9615
Iwilltaco Well-Known Member

#9616
TreeFortRichard Barcelona Red is the best red...

#9617
Iwilltaco Well-Known Member

#9618
TreeFortRichard Barcelona Red is the best red...

#9619
scottstrong89 AhsokaTaco

#9620
98tacoma27 is going full "SANDWICH" Moderator

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