They are selling close to Brent prices, refineries are operating at max capacity and they have added oil sands production. The only sector of the market that is undervalued is canadian oil sands producers.
Mexico production continues to decline and Iraq exports were own 1 mbpd.
You could be right. But as you're the same guy who thought that the mere environmental approval of the Northern Gateway was a market-moving event for holders of SU, you kind of shot your credibility, bud.