RE: HOD.TO moving up with the TSX...????interesting, isn't it? The reason why this is happening is even though oil is dropping, the big cap energy companies sotck price such as CNQ, ECA, SU, etc.. are all moving up. And since TSX is heavily weighted in the energy sector, it's going to move up as well. Normally, the big energy companies move in the opposite direction of oil. I don't know how long this phenomenom is going to last but it will have to stop sooner or later. It can not continue because it is just not logical.
Perhaps, the thinking here is that oil will eventually go back up because the expensive oil projects (ie. oil sands) will be shut in and there will be less cheap oil available.