Suncor trading same level as -$20 crude This stock has now had basically zero recovery since March covid lows . Meantime US production has crashed 2 million bbls per day , China has ramped up imports, drilling has cratered and oil trades $37 with term structure visibility .
it's a reflection of just how hated how ostracized this oil and gas sector has become . The pariahs .
It makes the value proposition here especially poignant . Anyone looking at LEAPs or other call option strategies to play this for longer than say 6 months ???
lets see what Buffet does with Suncor sub $18 Canadian from what $70 in 2008?