RE:RE:MORE WRITEDOWNS COMING????They need to put 79% of their production into extended "maintenance" to create yet another shortage and teach all pipeline blockers the true cost of energy. Since SU is now Nationalized via proxy they simply can't do it.
firstworld wrote: Wynjoe wrote:
Though being offered hundreds of millions in goverment incentives, Suncor may not re-open terra nova oilfield by the June 15 deadline.Suncor would be smart to not invest at this time,and allow surplus oil to return to lower levels,and get the price per barrel above $100.00.It is my opinion that Opec and Russia are keeping a close eye on oil production worldwide,and investing now just may open the taps.Consumers will pay a high price for this fasttracking of renewables and the only way oil prices will drop is for the public to come to its senses, and this wont happen.Oil prices will break all highs very soon!!!!BUY OIL!!!!Suncor is about to make a ten dollar plus jump,in a very short timeframe.