HAPPENING: CANADA IS COLLAPSING(OIL EDITION)

CANADIAN OIL WENT NEGATIVE TODAY, YOU LITERALLY HAD TO PAY SOMEONE TO TAKE IT FROM YOU.

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Bobo’s Wrath

I have a couple empty barrels in my backyard how can I profit from this

How much does a 55 gallon drum cost?

Wait what does this mean future contracts were priced much higher 25

A canadian oil just flew over my house.

Wtf how can even it go negative

Cost of storage making it more expensive to hold than to pay someone to take it

Negative is fine, I place negative price limit orders all the time for my combo orders. It just means you will receive a credit. And when you sell, you will receive a debit.

Canada is basically China now so I guess people don't use oil in Chinada

where is this data? oilprice.com doesn't have WCS updates yet.

Isn't that the tar sand shit? It's the worst of the worst.

Like $4 wholesale from chinkland.

ya its low quality (thick) and has always been on the low price side, but even so we typically have seen $30-120/barrel over the last decade or two. Having it down under $4 is pretty awful for Canada and well below the cost of production.

Alberta has been the largest GDP producing province due to the oil market, and if Canada loses that I'm not really sure what they're going to do...

Trudeau is probably going to give more gibs to immigrants and tell Alberta to suck it up.

Albertan here. Still working in the oil industry. Deal directly with this shit oil as it comes from the ground.
We are a ghost town here now. People still acting normal in the cities. But the oil patch is dead. I still have a job for now

love our immigrants sweetie, they are worth their weight in oil

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LOW TRANCHE BONDS GOING SOUR, ITS HAPPENING BOYS. THE ENTIRE CDO IS GONA BUST

If you sell your oil for a loss, you profit

Kek

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1. Short your barrels
2. Fill barrels with Canadian oil
3. ???
4. Profit

holy fuck

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Calgary here. Im jumping off the peace bridge tommorow night.

What a flaming fucking faggot. And literally no muscle engagement in that phony as fuck smile of his. Hes a goddam sociopath globalist piece of shit. what the fuck, Canada.

>tfw a friend works in the oilsands
he's fucked ain't he

Burger here. Why the fuck aren’t our countries subsidizing and/or taxing the fuck out of imports right now?

>>tfw a friend works in the oilsands

I bet he doesn't any more lmao

>t. picked the diamond type of drill and thus get to laugh at retarded roughies

Sounds like I'll be buying a loaded truck nice and cheap this summer

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Fuck off, Amerikkkunt

Calgary Here. Do a flip.