Robust demand One more exemple that demand for oil is strong.
This morning Delta results points in that direction.If not mistaking, planes run on oil not battery.
Drilling in the Permian is at a low and with depletion rates in the 6%,if this continue
for to long, we could have a nice surprised in H2 on the supply side.
Again in March,SU purchased only about 6% of their allowable NCIB.
Who knows why.Are they looking at an acquisition?,are they allowing more $
to the debt reduction or is it something else?
I don't know.What i do know, is that they are making a lot of $ on both side of their business
and that is enought for me.
Staying long and enjoying it.
Life is good when invested in well managed and profitable company