The price of essential oil dropped a great deal over the last month. 63.00 US per barrel for West Texas Intermediate. Up in Canada here, the US is the only buyer of our oil therefore the price the US pays for our oil is at a large discount to the WTI price.
One of the reasons is that some of the oil from Canada is from the oilsands, which costs more to refine than lovely light crude oil. Canada must increase the pipeline to the west coast that will make it possible to deliver essential oil to other international markets. Honestly, I can’t see the federal government getting the approval to expand the pipeline from the National Energy Board. August In, Canada became who owns the existing Kinder Morgan Pipeline in Western Canada. Canada purchased the Canadian property of Kinder Morgan after approval from the Kinder Morgan shareholders.
Now on to the roller coaster month in the stock market. In the month of October We’ve seen huge drops in the marketplaces during some days. This is Mr. Market providing you opportunities with fallen prices, nevertheless, you as an investor must do your due diligence first. The Bank of Canada followed the recent Fed announcement with raise the interest rate.
- Calculation of capitalization period
- 6 – Book extra space or services
- A term from 18 to 24 months
- 20% of your dividend stock portfolio should be assigned to Dividend Kings
- Plan a fallback plan in the event any part of the