RE:RE:RE:RE:RE:RE:RE:RE:Will close below $8.50I think SU is playing hardball and it was personal with Williams not appreciating being shown the door in the spring.
I think he had bad feelings towards COS management and BOD abd wantied to show them who is running things in the Canadian oil patch, "he is"
but in the end of the day, I still beleive that SU sees lots of future potential with buying COD at .25 or .35 it's all relative.
maybe the difference of 0.10 or a share of SU is equal to 2-3 increase in long term oil prices, I'm not sure I'm just guessing but it's not a huge difference and SU knows this plus they get optinality with lease 29 ? and potential efficiences with the upgrader.
I wish I knew the SU operations more to understand the synergies between their operations.
anyway something is goign on today with oil sands stocks, probably a rumor leak of a friendly deal and just before the court case.
look for news after teh close