Discover and read the best of Twitter Threads about #royaltybunk

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.@ABDanielleSmith's #RStarScam pet Kris Kinnear is pushing #RoyaltyBunk:

"These benchmarks combined have made capital availability to #oilandgas producers next to extinct."

In reality, it's lack of profit in #abpoli o&g since '09 & insolvency since '05:

saenetwork.ca/royal-line-of-… Image
Accidental truth:

"a co’s income changing month-month...is affected as much if not [>prices+demand than] by production decline + operational failure."

See:
economicsfromthetopdown.com/2022/02/10/a-c…
+
economicsfromthetopdown.com/2022/09/24/how…
More accidental truth:

"In a price environment such as Western #cdnpoli’s [in 2021],for many #abpoli #oilandgas producers...“breakeven”now either requires low capital ops yielding production increase, or requires a significant commodity price increase."
[i.e. they're #insolvent]
Read 6 tweets

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