RE:RE:RE:Risk free investmentIMO on the US market is now sitting right on the lower Bollinger Band, and on support from a double bottom from a recent low of Oct 5 and 6, just prior to Gaza.
Technically, it is a great buy as it is, even without the $1.5B SIB share buyback at $78.50, and the $0.50 dividend.
I'm in for 5,000 shares @ $CAD 78.20, and 5000 shares @ $US 56.40 for this play to catch a currency move as well.
Thanks to @lifeisgood1010 for initially bringing this play to our attention on the Suncor board.
lifeisgood1010 wrote: Forgot to mention, the only risk is that if you buy today below the minimum price and submit at the minimum you could still end up with some IMO share if there are more than the 1.5b$
tendered at the minimum price
So the question is are today's buyers, like me be comfortable owing a portion of what
they are buying at today's price.
If you think that oil price will hold these price or go higher,then the probability are in your favor
but if you think energy price will drop substantially, then you should not be a buyer at today's price.
Hope this help
Sorry for the spelling mistake, i am french speaking from Quebec