So what are clients telling you? What did you hear on those roadshows?

Absolutely.

Well, it felt like a bit of a therapy session for a lot of the clients because you have this rush of new stories.

The Strait is flowing so many barrels throughout.

We have an European SPR of 100 million barrels coming out.

You have releases of Russian diesel.

And the market's really, the administration doing a remarkable job just pushing as much as you can to calm down these markets.

Do you want to talk about what's moving, what pieces are moving?

Yeah.

Very little.

And the straight assumption is the grand thing is that we don't think it improves from here very much until the end of next year.

And that is probably, it's out there.

I know nobody knows when this is going to actually get back to normal.

I think part of us are thinking it never gets back to normal in terms of that type of thinking.

And really, it's just about trying to get away from the straight over moves now is the theme.

Europe is like, no, no, no, hot summer.

Al, what are you seeing in the markets here? Is there some kind of hope about oil prices?

Um, well, there, there's certainly hope.

I mean, we're at $80, uh, Brent, uh, and that is what we think is a, a full $20 below fair value, which is what the stock levels are indicating.

Um, so we're definitely getting, uh, I guess a, uh, a momentum trade that, that there's expectations that this deal will lead to, uh, uh, an open strait.

Uh, but yet looking at the ship tracking data, uh, nothing has really moved, uh, to suggest that things are, are, are getting back to anywhere close to normal.

So I, I guess there is some optimism, but yeah, it's, it's not, not leading to physical flows yet.

Don't gas companies want us to keep paying those higher prices?

Um, well I think the, the folks that, uh, the producers here, we're largely price takers.

So what does that mean? Like, what will you be looking for in the months ahead to see if this is a concrete plan or not?

Uh, investment.

Just does it change sentiment? I think governments, um, you know, are obviously, um, have a lot to s- a lot, a lot of influence when it comes to stopping investment and creating uncertainty or maybe some type of regulatory, um, unease.

That's probably why, you know, over the past decade and a half, you know, investment in the energy sector has been pretty, pretty muted.

But, um, if that can turn around and, and maybe create some optimism, then great.

Um, but ultimately it just comes down to being able to convince, uh, private industry to invest dollars, and, and that to me is, is the massive, uh, hurdle.

Like, that's, uh...

So what would be your analysis of this, Al, if somebody were saying to you, "Listen, do I, should I be investing in Canada right now?"