Strong bid - SU buying all they can below .33/sh?Don't know what to make of today's action. It could be:
The market clearly feels the offer will be increased to .33 / share based on the premium being paid over .25 / share. What also could be at work is SU is on the bid buying all they can vacuum up lower than .33. It makes sense.
This is very bullish if true.
If COS makes it up to $11 and change and oil remains strong will we see .4 or .5 a share?