When you stare into the abyss the abyss stares back at you.

My newest OpEd. When Did Obesity Become a Drug Deficiency? brownstone.org/articles/when…

This is the most difficult thing to explain to Canadians who waive their elbows.. While proximity to the USA & Lower corporate tax rates are good The only thing lucrative enough to invest in Canadian manufacturing over the past 80+ years has been: - Tariff free trade That deal is gone. And with that, manufacturing. The only point was to supply the US Market. PERIOD. Nobody is lining up to supply the dysfunctional Canadian domestic market. In fact, there are more barriers between provinces than between the USA and Canada. Without the USA, Canada is just not worth investing a dime into. And now with talks of suing companies for slowing down production and calls for Nationalizing industries, investors are running from Canada like the plague.

I think about this a lot. How we need to get the art out of Europe.

We went from Hockey Night in Canada with Don Cherry to Cricket Night in Canada with Manjeet Singh. The Liberals did this to your country. And you let them.

I would agree to a plan to phase out social security over the next 25 years, even knowing that it means the system will end right at the moment when I would start drawing a check. If that means that my kids and grandchildren aren’t subjected to this scam for their entire lives, I’m willing to take that hit. I just can’t for the life of me understand or relate to the older people who don’t feel that way and wouldn’t be willing to make the sacrifice for the sake of their descendants. Totally foreign mentality to me. I truly find it baffling. Setting my kids up for the future is like one of the only things I care about anymore.

I remember being called all manner of pejoratives when I pointed out that Brampton was mortgage fraud central. This is not surprising to anyone in the know

CBSA Removals line, I'd like to recommend 5 million foreigners for removal, as well as the Liberal managerial regime in its entirety. Thanks in advance! 🙏🏻

BREAKING - Private WhatsApp messages from Ontario's big city mayors just got released by court order. What they said in secret: Oakville's mayor: "Ottawa broke the housing market" with its "massive increase in immigration." 
Waterloo's mayor: the feds need to talk to cities "before they set their immigration and refugee targets." 
Hamilton's mayor, former Ontario NDP leader: Ottawa failed to plan where immigrants would live. 
Niagara, Ajax, Guelph: shelters overwhelmed, resources exhausted. They said it in private because they knew it was true.

Bribing working Canadians, with their own money

Few understands this. #Gold #Silver

When people point out the undeniable parallels to Communism we've been putting ourselves through, the two most common reactions are 1) Yeah, but those scary examples weren't the real thing, and 2) Yeah, but that's not really what's happening. Deadly frustrating.

Too many people in Eastern and Central Canada don't understand the very real grievances that Alberta has. They don't get addressed. They are dismissed. This is part of why we are headed towards a referendum on exploring separation. Try listening to them.

This makes perfect sense and is no doubt true. Not that long ago, I would have been clueless and had no idea.

Nice of France to put on a live demonstration of what will happen in America if Democrats ever take power back again.

Scotty doesn't know

I mean are they really going to act like there weren’t warnings when Mark Carney parachuted back into Canada in 2025?

Ottawa isn't slowing down. Carney's immigration plan for 2026 calls for 380,000 new permanent residents. By June 30, 182,100 had already arrived. That leaves about 198,000 more before January 1. That's on top of the temporary workers and international students already here.

The price action on Cenovus $CVE.TO today reminds me of Whitecap’s response to the Veren acquisition. Let me share some thoughts, as I may know a thing or two about what they acquired today and where it’s going and no, it’s definitely not for the tax pools. -One may think initially that the per-flowing cost is high, which is true, and that’s why Athabasca $ATH.TO management absolutely had to do it. We’re talking about more than 100,000 bbl/d, and yet I expect production on these assets to accelerate and double over the next 2–3 years, with Leismer at 40k bbl/d, Hangingstone optimized to 12k bbl/d, continued growth at Duvernay to 20k boe/d but likely to be divested...and greenfield development at Corner. -Corner is a wonderful excuse to showcase to the government and utilize the small greenfield royalty credits that the government was advancing, while continuing to optimize and brownfielding the FCCL assets. Corner is a high quality asset with wonderful geology. -Just like with the $MEG.TO acquisition, people assume an 80k bbl/d transaction. It wasn’t. Production at Christina Lake North is currently around 115,000 bbl/d, should be about 125,000 bbl/d by year-end in my view, and over the next two years should reach 150,000 bbl/d. Essentially, the per-flowing metric should be looked at differently when there is an inflection point in production growth. -Reminder that $CVE.TO was trading at $60k/flowing when it acquired $MEG.TO but the stock doubled since lol. -Now here is my key message : The main reason these assets were acquired is the central processing facilities, CPFs !! which are extremely expensive today. Getting an asset like this is very rare and would cost close to $2.4B in capex for Leismer, plus maybe three years of development. Look at the Leismer resource as an example in the picture : starting 2027 it can produce at 40,000 bbl/d for the next 50 years with no decline on the asset and a very low cost of supply. At netbacks of, say, $40 CAD, this whole transaction is paid for in less than 10 years. But remember, we also have Corner, Hangingstone, and Duvernay, plus production growth. So is this really such a horrible deal for Cenovus which likely to report close to $3.5B in FFF for Q3? -Although I am not currently affiliated with Cenovus, I am a former employee and do have subject-matter knowledge of these assets. They will do a wonderful job optimizing them and reducing their cost of supply. -I rarely share what I buy/sell and this is not investment advice, I am not an financial advisor and not qualified on anything related to finances but today I sold all my $ATH.TO shares and bought more $CVE.TO, as I believe this is a good deal for all parties, and investors have underappreciated the quality of Athabasca’s assets, as they have for the past five years. -Congratulations to all and thanks for following my account for many years, many of you understand how big today is for me. Good work friends. 🫡🪒

Things could be WAAAY worse in France right now. They could be up against a bit of honking, a little hot tubbing, spontaneous dance parties, some street hockey action, burning smokies on a grill, maybe even the dreaded bouncy castles of mass destruction. Macron has it easy.