RE:RE:National Bank Lowers Targetsagain, my peeps/sources are warning on the refining margins AND THATS IT...the accounting methods for 1st in, 1st out can result in material profit/loss swings. i thought that demand for refined products were strong but maybe more competition as US national gasoline prices have fallen 25% over the last 3 months approx. What do i know??? but for sure CVE is getting beaten up more than its peers and its the perfect time with the extended wait for year-end results. Look at yesterday, down again 36 cents sliding BELOW $21 meanwhile ARX still holding with-in 10% of 52 week highs. OUTRAGOUS!! dwdc
PS ..the paper markets are defintely in ANTI OIL mode with some of the biggest net short positions built in years..a friend said to me WHY ARE YOU SO SURPRISED??? its the US election st@pid....