Michael Hadford

The HIgh River gun grab. Mounties forced their way into homes and ultimately caused $2.45 million in damage to 2,210 residences to seize 609 legally owned firearms. They busted doors off hinges and broke into locked gun safes. Frozen bank accounts during the freedom convoy protests. I'm sure there's more.

Can anyone provide a clear historical example of the Canadian government confiscating property from an identifiable group without compensation, backed by the threat of imprisonment? Aside from Canadian firearms owners, the only precedent that comes to mind is the internment of Japanese Canadians on the West Coast during the Second World War, when their homes, businesses, and possessions were seized. I’m genuinely surprised that so many Canadians who aren’t directly affected seem to view this kind of action as inconsequential or not worth worrying about. #HoldTheLine #CCFR

It looks a lot worse when you see it in a graph: 🤦‍♂️

Mark Carney says his Liberals are "studying options" on gas prices. Gas is $2.10-$2.16 a litre. Industrial carbon tax just hit $110/tonne. Factories are closing or running to the U.S. "Studying options" = Liberal code for doing absolutely nothing while Canadians get bent over. They blocked pipelines for a decade. Killed refineries. Imported oil from dictators. Now they want a medal for "studying"? Pierre Poilievre would axe the tax and build the energy. Carney wants more meetings. This government hates affordable life more than it hates Putin. Scrap the taxes. Build the damn pipelines. Who else is done with the "studying" bullshit?

@FoodProfessor Saudi Arabia had a spare, 7 million barrel per day pipeline, just in case they needed it. Canada can't build pipelines we already need, let alone have spare capacity.

We have a maple syrup reserve. We have a butter reserve. We don’t have an oil reserve. Canada in a nutshell.

@grok @TheophanesRex @KashPrime What is the cumulative revenue since market introduction to most recent data, in USD? My point is, $2B is pocket change for Novo Nordisk.

@HadfordMichael @TheophanesRex @KashPrime As of the latest full-year 2025 results (reported Feb 3, 2026), Ozempic generated DKK 127.1 billion in sales for Novo Nordisk—up 10% at constant exchange rates from 2024. This is the most recent complete data available; Q1 2026 earnings are scheduled for May 6.

The Father of Ozempic, perhaps one of the greatest medical breakthroughs since insulin, also from the University of Toronto. Well deserved.

@GuntherEagleman Covid 26: Energy shortage lockdowns coming, and now we need to hoard toilet paper. Stop the world, I want to get off.

🚨ABSOLUTE INSANITY: Footage shows the devastating aftermath of the massive fire that completely destroyed a 1.2 million sq foot Kimberly-Clark tissue paper warehouse in Ontario, CA A mad employee destroyed the whole building over his pay.

@TheophanesRex @KashPrime @grok, what has the revenue been from Ozempic for Novo Nordisk so far?

@KashPrime Over 1,800 lawsuits filed against Ozempic, potential liability of more than US$2 BILLION. youtu.be/bIlYJBXpCRk?si…

The federal government and other provinces will never negotiate fair terms of separation, regardless of any referendum result. They can't. It's Alberta's money that makes everything from CPP, EI, health care transfers and equalization work. If Quebec separated, honestly, everything works better. The only way Alberta can ever separate is with a unilateral declaration of independence, leaving with the clothes on its back, under the threat of violence. I hope it doesn't come to that.

@NuclearMAGAlady Doesn't matter what I support, I'm only pointing out the truth. The writing is on the wall but no one is willing to even ask the right questions. Alberta will not be allowed to separate by design and even Albertans know it.

🚨 BREAKING: Huge crowds in Alberta line up to sign a petition to leave Canada. The conservative province may hold a secession vote. Would you support Alberta becoming the 51st state? A. Yes B. No.

@RexAGrace @NuclearMAGAlady Albertans are just Texans disguised with parkas and toques.

@NuclearMAGAlady NO!! They are just a whole lot of leftist lunatics!!

There's a cost to having a mountain of sulfur outside your gas plant or upgrader. Rain turns to sulfuric acid and must be mitigated / controlled. If the folks sitting on these mountains could have gotten rid of it at a cost less than the cost of maintaining the mountains, let alone make money, they would have done it already. Just remelting it and getting it to Vancouver costs ~$200/t. We're capacity constrained on the egress side; not the production side. If you think you can make money from sulfur piles in rural Alberta, you can get all you want for free. Fill yer boots.

You're not getting it man. There's too much supply of Sulphur in Western Canada -- anyone that *can* export it right now, is working on exporting it; wether than via Vancouver, the US Gulf Coast, or otherwise. But you need to book rail cars, and export capacity. You can't just sell 10 million tons of sulphur onto the global market at the drop of a hat. If that was the case, why didn't they sell er' all when it spiked in 2022? They'll sell *some* and try to sell *more* but they won't move nearly anywhere close to as many tonnes as you think. You can map Refining & Marketing segments vs. 3:2:1 crack spread; to break to the correlation in 2022 (i.e. not a meaningfully contributing factor).

If the Strait of Hormuz remains closed until end of the first week of May, $SU Suncor stand to make a windfall between 10% to 20% of the current market cap from sulfur sales alone 👀

Trump keeps taking down the price of oil. I don't know how many times he's declared the war completely finished, and now a cease fire; and each time the paper market believes him... until the next tanker or refinery blows up. Meanwhile the paper market is being manipulated, most recently by a $950M short position taken just before the ceasefire announcement. It smells like ESF or Treasury - almost certainly government adjacent. But jawboning and paper manipulation don't turn into molecules. On April 21, May'26 options expire and physical and paper prices converge. I can't wait to see how they manipulate spot WTI. They have to, or it's a massive short squeeze. But these manipulations will not cover, longer term, for the lack of molecules. Oil is bad. Fertilizer is a dire, global emergency. This will not end well.

@grok is the Strait of Hormuz open for safe passage? 🫣🪒

@Jerry__Coffee @RazorOil @grok The rest of the world does. And unless the US blocks exports, the world will demand US oil and drive up your prices.

@RazorOil @grok The USA doesn’t need the oil!

My theory: Somebody big is shorting the paper market ahead of Trump's recurring 'War's Over!' announcements. $950M bet on Tuesday. Guessing ESF/Treasury vibes, -- almost certainly a Government -linked actor. Paper has to converge with physical at May expiry (April 21 last trading). They clearly expected physical to ease by then. Today, with fresh pipeline hits, that looks unlikely. So how does the short seller force physical down to match paper by the 21st and dodge the mother of all squeezes? Float a trial balloon on import restrictions. Hint at stranded WTI, a US continental glut while the world stays thirsty. Don't need to actually impose them—just create the fear to knock physical lower long enough to cover. If I'm right, somebody owes me a beer. #OOTT #COM

@ericnuttall When paper and molecules diverge, the discrepancy always resolves back to the molecules. Reality defers to chemistry, not paperwork. x.com/RecessionAlert…

Saudi pipeline throughput down 700,000BBl/d and productive capacity down by 600,000Bbl/d due to aggressive recent attacks which will take time to repair. This is sadly not over yet, and the market is far too complacent about the long-term consequences to the global energy market.

@imanobo02670922 @Michael65775190 I hope you're right!

@HadfordMichael @Michael65775190 I understand this very clearly and it's logical. However, somehow, the world gets through it every time.

By all appearances it looks like Nuttall, Sen, Croft et al are going to be wrong yet again but still collect a paycheck. 🤣 #oott

I've been saying this for weeks. "Reverse Covid" is coming. In Covid, lockdowns crushed petroleum demand and prices. In "Reverse Covid" the mandatory demand destruction will create Covid-like lockdowns; hitting import dependent first. Korea is already cutting vehicle use in half. It just gets worse from here. WFH coming. Further travel restrictions, bans on leisure travel as well. If you liked Covid.... You're gonna love inverse Covid.

Given the magnitude of Middle Eastern production losses (13MM Bbl/d) and the inability of meaningful short-term supply adds elsewhere, it is inevitable that demand will have to fall as inventories continue to be sharply drawn down. The challenge though is the magnitude. Even with 3MM Bbl/d of SPR release and modest run cuts to date, we likely need to reduce demand by the same amount as during COVID, the biggest demand shock in history (in bbl/d terms). This is either achieved by government actions like rationing (happening) or price. Likely both. Physical barrels are already trading over $130-$140 and likely heading higher, while the paper oil market will at some point have to reflect the physical reality. Even with a full opening of the Strait of Hormuz today, given voyage lag time a coming price spike seems inevitable, presidential jawboning or not. With each passing day, the floor price is rising, well above what energy stocks are currently discounting.

@Michael65775190 @imanobo02670922 Physical market spot price ~$145 /bbl. Front month futures price must converge with spot at expiry. Expiration is April 21st. Trump can jawbone the paper markets. He can't jawbone molecules into existence.

@imanobo02670922 As of today, the world has lost 400-500 million barrels of oil inventory PERMANENTLY. It will take years to rebuild these stocks. Don't mistake headline driven algos for real price discovery. This crisis will accelerate the move away from paper trading and move oil markets east.

@realChasDarwin @PierrePoilievre Delete your post. Dumbest shit ever.

@PierrePoilievre The only pipelines ever built were made by liberal govts. The CONS have not only never built one, but they systematically removed oil infrastructure like refineries and sold the oil rights. But yeah... blame Carney.

The CEO of the only company that could build the pipeline to the Pacific lists the five things standing in the way. All five of them are…. Mark Carney. Don’t believe me, listen for yourself.

@Barley92272687 @TheReclamare My great grandparents came to Alberta as Mennonite refugees from a part of Ukraine that was Russia at the time. They were penniless and didn't speak English but they knew how to break sod. The bald-ass Alberta prairie probably looked like home.

@HadfordMichael @TheReclamare My mother lived in a sod home for a period. Lots of wood in the Lac La Biche area. Not so much in Ukraine.

In 1910, with only the shirt on their back, these settlers came across the ocean to the unknown land of Canada, and in less 20 years had outworked, outcompeted and outperformed the people who had been here since time immemorial And that we are told, is these settlers fault

We're entering "inverse Covid". In 2020, restrictions and lockdowns crushed oil demand. Prices went below zero to push supply into alignment. Now the supply is constrained, and demand must be crushed to match it. It will probably be high prices at first and, before long, restrictions on use. I won't be surprised if WTI and Brent go over $200/bbl in the next 10 trading days. If the Strait remains closed for linger than another month, we WILL have gas rationing and / or lockdowns. The pain will start in Asia, Oceana and Europe first; but North America isn't immune; just lagged. Govt workers will be super happy to WFH; and drag it out for years after the shortage ends.

Liberals are celebrating TODAY WestJet adds fuel surcharge and reduces flights. Next, there will be an announcing energy lockdowns

"big oil" is a price taker. They don't set the prices, the market does. Was "big oil" grabbing cash when prices went negative in 2020, and hundreds of thousands in the energy sector lost their jobs? That was a price signal from the market telling "big oil" to produce less. Now the market says, "produce more".

@GasPriceWizard @DPrairies And it’s a cash grab by big oil.

Experts concerned fuel prices will skyrocket to $3 per litre due to Middle East conflict chch.com/chch-news/expe…