Hope you are right.T.Boone Pickens says that the Saudis are maxed so now we just wait and see,give it a couple years he says.The Saudis and Iran are enemies in the middle east and I think politics is playing a major role with the price of oil.
The dividend is in trouble because earnings are not covering the dividend. Oil prices don't seem to be getting any better and thats the only thing that will help suncor. Get out now before the dividend cut and the shorts take over.
The volume implies some big funds are moving to the long side ignoring that jerk Harry Dent calling for $20/barrel. It looks like the bottom is in. Missed by $0.25 of the absolute bottom...
Okay and then buy oil from those NICE Arab People and keep the USN 6th fleet on stand-by because its too easy to support a time tested true ally like Canada with increased trade!
A republican US president will approve Keystone XL.Buying and sitting on the divvy aint a bad idea IF the libs in Canada don't kill SU with taxes and regulations.Would be worth a hundred grand to me just to see SU go to the local council meeting and tell the politicians "we tried,you would not allow us to succeed,we are officially OUT of BUSINESS as of 60 days" eat dirt,hunt and forage make porn whatever you liberals do best!"
I am all over this stock today. This price with this dividend? The selling due to SU complaining to regulators was overdone. Technically we see the upside leg of a BIG ;'W' forming. The old adage 'buy when everyone else is selling' was never more appropriate. When the pipeline is released by the regulators, SU will pop. In the meantime sit back and collect dividends.
SU held up at $30 resistant level throughout the whole OPEC crunch. This is a nice stock to store some cash and enjoy a safe divvy. The upside will be rewarding.