As more and more shale oil production gets shut it due to lower prices, the vapid, luxurious rants against the oilsands will subside back into the nothingness where they belong.
This prediction will be proven WRONG as we now wake up to the Republicans sweeping control of the Senate as well as solidifying control of the House. What does this mean for TRP? It means the stalemate on the Keystone XL pipe will be approved early in CY2015. Who stands to benefit besides TRP? SU. Why? Large acreage position in Alberta which at current has a huge disconnect between WCS and WTI. Thus the reason for the need to build a pipe. This baby is going to pop sometime next year. While all the bandwagon money today will be on TRP and likely will be overbought in the short term the real winners won't be long term pipe builders but Suncor Energy.
Sentiment: Strong Buy
Amen!!! TRP & SU are in my IRA for just that reason.. I saw it coming and hopped on it!!! Build on people !!! let that oil flow!!!!
I hold SU, but I worry that after Keystone XL is built one major oil spill of this very contaminated oil over the Ogalalla Aquifer will bring a tremendous backlash.
Really would love to hear ONE well based opinion of this very stupid point of view... That means PE =11 !!! With this price it brings you back to 2005...
"New Technology", a trade magazine for the giant "Oil Patch" industry has just awarded BioLargo (BLGO) AOS Filter technology with their coveted “New Technology” award.
The word about the breakthrough AOS Filter technology has been leaking out since early this year, but now with a recognized industry publication featuring BioLargo’s AOS Filter, the big oil companies are likely to be accelerating talks with BioLargo for licensing deals and strategic partnerships/investments.
The AOS Filter has been validated by the University of Alberta to decontaminate water in seconds versus the hours required by current technology . . . and to require only 1/20th of the operating cost of the closest competing technology.
This is by far the biggest breakthrough in water decontamination/filtration in decades and is expected to have an enormous impact on every sector of the water treatment industry.
The University is working with BioLargo and a consortium of large oil companies that are active in Canadian oil sands production to commercialize the AOS Filter in an actual field recovery operation. BioLargo is the Chair of this joint effort.
Since the AOS Filter is so efficient and so inexpensive to operate and since it is effective against so many pathogens and toxic pollutants, its value is likely to be extraordinary. The water treatment industry is estimated to be over $350 billion today and projected to be in the trillions by 2020.
BioLargo (BLGO) has been trading between $.40 and $1.24 since April.
Sentiment: Strong Buy
okay ... I have been trading this stock since 2001 ... suncor is one of the "swing" producers ... what that means is, when the price of oil is high and rising, Suncor's profit becomes outstanding. Conversely, when the price of oil retreats, Suncor starts to lose money before the larger producers and they lose more ...if the current spot price stays under $80, Suncor will show a net loss next quarter ...forthermore, in recent years Suncor has been increasing its debts in order to buy back stock, and with the Federal Reserve poised to begin increasing rates, this is a double piece of bad news ...
(how am I doing so far?)
I believe that the cost of oil sand production is 80 per barrel. Does it mean SU will lose money for every barrel of oil produce or risk shut down costs?
Sentiment: Strong Sell
Well, I follow his buddy Bill Gate too and put my bets on Microsoft and his core holding of MCD. Why not follow the institution that have already done research for you and most importantly credibility. I also use mirror stock such as DFS instead follow follow directly on Visa and Master Card to confirm what I hold is sound and better credit card co. If you buy below his price, it should win. He bought Exxon, I bought BP which is even much cheaper. But for SU, I just do not have access to the payback period of capitial expenditure. On surface, it is a 20 dollar stock to me as reasoned above. I would pick up BP that pays 6% dividend instead and I can understand BP balance sheet better. It is the cheapest of the major oil with upside of being taking out.
"....Why not follow the institution that have already done research for you..."
Given that little nugget of suicidal financial naivete, I encourage you to focus your unique due diligence process (!) on the slightly less idiotic practice of copying what Buffett does.
It now pains me to communicate with anyone of your financial accumen. Goodbye.
Due to the risk of carbon tax, oil spill, low commodity oil price, I will venture into this stock if it is really really under value. I would add 5% point to the bond rate of 3% of a total 8% risk premium on top of 3% no risk 10-year bond rate as the expected return. That is 11% of risk adjusted return. I am sure that i am convinced at this point for a P/E of 19. The estimate output will be lower and cash will decrease next quarter, hummm, searching for entry point. Expert say , the first 52 week low will not be the last, I am waiting for a good entry point from the tax lost which is still 1 month away to bottom. .
You may be right about the veto, but the world will get the bitumin out one way or another. I have not sold by CSX which wl go up 40% when the Keystone XL is vetoed and thrown out.
who knows what the arabs are up to. between them, the Venz, the Russians, and the Chinese, how are you supposed to get the correct story? About the only straight shooters are the multinational oil companies in OECD countries. and they control a tiny fraction of the supply.
See, I told you! I believe the Saudi's will keep oil price low for a couple of year at least. They were slow in dropping prices, they should have done it six years ago, but they were greedy and now they will be slow to raise the prices. The Saudi's need to increase market share which they lost to everybody else while the price of oil was artificially inflated. JMHO