RE:RE:RE:RE:Suncor trading same level as -$20 crude You mean third world, like Somalia? Where you're from?
For a guy who calls himself "First World", you seem to manage to throw in the term "third world" into every post. Once again, I admire your persistence, but the creativity is lacking.
You really ought to consider changing your screen name to "third world", instead. It would be much more fitting.
firstworld wrote: Canadian oil is uncompetitive with few refineries able to process the very low quality worldwide. Many oil prospects globally can ramp up quickly, e.g Russians who will 18% more in 2020, with very rapid market access to huge markets. US squeezed Canada out, China dropped us, few others want the low grade oil when way better quality is at their finger tips. Canadian arrogance and entitlement is the death of all industry only welfare and credit keeping it from 3rd world. If want oil exposure best to go overseas where the big boys play not some 3rd rate co like SU or any other Canadian oil co they simply are uncompetitive, overpaid, welfare babies
Wynjoe wrote: I agree grimes,with the tmx pipeline well underway,which will allieviate gluts and open new markets,and with many oil projects suspended worldwide,which will decrease future production levels,i think the situation will improve dramatically for Canadian oil companies in the next couple of years.Suncor is well positioned and with increases in dividends as balance sheets improve,s/p will flourish.The time to buy is now and not two years time.I'll keep adding if we keep tanking,we are far far from trouble,and oil will again see another day.