Lithium, and, by extension, Lithium Bank, has been dead in the water long before Trump 2.0. That's why I was disappointed to see CNQ pivot away from NematiQ for lithium. We now know from PV comments recently that they're trying to partner NematiQ up with a bigger balance sheet to move that needle so I hope for progress there; in time. However, even when a lithium recovery eventuates, the Alberta grades will remain a big hurdle to monetization. The better bet is the Smackover where CNQ have reached out to PFE regarding a DLE trial - imo, this formation will be where DLE can be commercialized. The KSA connection no doubt benefits from the RF alignment and this segment remains promising. The ENVA deal, imo, is significant longer term; and ATA remains another highly prospective vertical, albeit rather medium to long term and not catching much interest from the "what's happening now" crowd. Notwithstanding, I rest easy knowing that the accelerating growth in wealth inequality will remain a key driver in increasing liquidity for stocks (and property) as the rich pour ever more transfer payments received from the bottom 95% into their portfolios...
CNQ Price at posting:
23.5¢ Sentiment: None Disclosure: Held
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