Author Topic: Canada fights Saudi  (Read 1800 times)

SharperDingaan

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Re: Canada fights Saudi
« Reply #10 on: August 08, 2018, 05:37:01 AM »
We would suggest that MBS is just pissed because Canada wouldn't hand him over.
http://www.cbc.ca/news/canada/montreal/united-nations-stops-deportation-to-saudi-arabia-1.4777227

"Omar came to Canada in the spring by way of Roxham Road, which is at the New York border, with his wife and two sons. The family filed asylum claims, but Omar's claim was rejected outright because he had withdrawn a previous claim. Omar told CBC he had to withdraw his first asylum claim because his wife was detained in Saudi Arabia and he needed his passport back to return to his home country."

Essentially a US refugee that became a Canadian problem.
And Canada gets shat on because we wouldn't allow the Saudis to eliminate him.
Too bad.

Canada buys more from the KSA than the KSA buys from Canada, oil is widely available from a number of other sources, and this is entirely consistent with what Canada does. The only protesters are the regimes (US included) that cannot do whatever they want.

What's the problem?

SD



Cardboard

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Re: Canada fights Saudi
« Reply #11 on: August 08, 2018, 07:16:36 AM »
They are now selling their investments.

We should declare war. This is after all the true, #1, state sponsor of terrorism.

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MarkS

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Re: Canada fights Saudi
« Reply #12 on: August 08, 2018, 10:37:10 AM »
Does anyone have any thoughts about which Canadian companies the Saudis nights be selling?  Selling unrelated to fundamentals might create a buying opportunity in the near future.  https://www.cnbc.com/2018/08/08/saudi-arabia-is-selling-off-its-canadian-assets-as-row-intensifies-re.html

MarkS

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Re: Canada fights Saudi
« Reply #13 on: August 08, 2018, 10:46:37 AM »

jeffmori7

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rb

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Re: Canada fights Saudi
« Reply #15 on: August 08, 2018, 12:01:33 PM »
There really isn't a significant economic relationship between Canada and KSA and KSA is not a significant investor in Canada. So I don't think that their selling will create any purchase opportunity.

This is probably why they're doing this. They can scream and make a circus without it costing them much of anything.

MarkS

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Re: Canada fights Saudi
« Reply #16 on: August 08, 2018, 12:16:43 PM »
Thanks RB
I was looking for an investment by their pension funds in maybe a Canadian Reit as a local reit wouldn't be effected by the dispute.  But so far - nothing. 
« Last Edit: August 08, 2018, 01:43:18 PM by MarkS »

SharperDingaan

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Re: Canada fights Saudi
« Reply #17 on: August 08, 2018, 01:34:31 PM »
Exclude the LAV sales; and its just students, medical, and wheat/barley left.
https://www.cbc.ca/news/business/saudi-arabia-canada-economic-impact-1.4777407

Wheat/Barley will just be sold through middle-men instead.
Students and medical will impact public institutions, not private ones.
And LAV's aren't going to be excluded as its the KSA that wants them - Canada would rather not sell them.

The 'internal security' argument that KSA is making, over a single dissident (& women winning the right to drive, & not have to have a constant male guardian) really suggests that MBS isn't as secure as many have been led to think. MBS made a lot of enemies in 'the purge', the Aramco privatization (& attached graft) is long overdue, and Iran would appear to clearly have the ability to choke their oil flow. Additionally if the US is not successful in toppling Khamene, it's highly likely that attempts at regime change in KSA/Bahrain is going to be next.

SD
   

« Last Edit: August 08, 2018, 02:59:36 PM by SharperDingaan »

Cardboard

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Re: Canada fights Saudi
« Reply #18 on: August 08, 2018, 02:07:43 PM »
"Judith Dwarkin, chief economist with RS Energy Group in Calgary, says eastern Canadian refineries import about 75,000 to 80,000 barrels per day of Saudi Arabian crude.

She says that's less than 10 per cent of total imports and amounts to a "drop in the bucket" compared with the United States, which accounts for two-thirds of imports and could easily cover Saudi's share thanks to growing domestic production.

It is also dwarfed by the 3.5 million barrels per day of domestic oil that Canada exports mainly to the U.S."

Important to educate our folks. I know it is a lost cause with some from Montreal as we have on our website but, for others.

So Canada imports around 1 million barrels of oil per day. Pay $96 CAD/barrel.

Then in turns sells 3.5 million barrels per day at roughly $67 CAD/barrel. That is a mix by the way of light and heavy which we could process.

So we lose $29 CAD/barrel or $29 million per day because of anti-pipelines idiots in this country!

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rb

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Re: Canada fights Saudi
« Reply #19 on: August 08, 2018, 02:10:33 PM »
And what does that have to do with this topic?