December 26, 2017

U.S. markets were open and the S&P 500 was up 0.1%.

Oil (west Texas Intermediate) is at $59.80. With oil at or near this level, I suspect theĀ  Alberta economy will continue to improve. This should bode well for Melcor Developmensts and the Melcor REIT and AutoCanada and any other share prices that seem to be held back by fears that the Alberta economy will weaken or fail to recover.