The Globe and Mail reports in its Saturday, March 28, edition that Exxon Mobil is an energy company that Mackenzie Investments has owned for a few years now. The Globe's Brenda Bouw writes that Mackenzie has bought more Exxon shares since the start of the war in Iran. Mackenzie money manager Katherine Owen says in an interview with Ms. Bouw: "We owned Exxon before the war because it had competitive advantages in oil: a low-cost resource base built through years of capital discipline, as well as growth from Tier 1 assets in the Permian basin in the U.S. and Guyana. The recent war has created a higher floor for oil prices, and Exxon, being one of the major oil and gas companies, is going to benefit from high oil prices." The Globe reported on April 9 in a New York Times dispatch that oil was trading at its lowest levels in nearly four years. The NYT said Wall Street was worried President Donald Trump's trade policies would lead the United States into a recession. Oil and gas executives were mostly mum, aiming to keep good relations with the President. NYT said friendly relationship with the White House had its limits. At that time, oil prices plunged along with Exxon share, which were then going for $105.80 (U.S.).