Tom Whipple

The squeeze is on

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“I’d rather you didn’t mention the company by name. In fact, better not mention my name, either, because the story is a disaster. We don’t want (the information) out yet.”

From an officer in a small oilsands company – call him Don Fischer, – that comment sums things up for many juniors. Fischer argues, however, that the recent meltdown in global financial markets is only the killer blow in a credit squeeze within Canada’s petroleum sector that has been developing for three years.

Green shunted to margin as economic crisis worsens

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You never know exactly what will happen as a result of a severe economic crisis. Few people discuss it since it is quite taboo to speculate on any scenario that doesn’t include growth and consumption… But I’ll take a crack at a few broad predictions that are predicated on the economic crisis getting worse over the next 9-12 months, which I think it will…