The wallConsidering all the years Suncor fluctuate between 40-50$, this zone could be really hard to go through. Psychology is the same in carbon opponents than last year. Trudeau is actually creating "environnemental racism". These guys will welcome this zone to unload their shares. They are not able to change their formated mind about the fact that oil could not be replaced in ten years. Not in only one year. So, Suncor was the stock to have in canadian oil portfolio before 2020, and they are selling it now, like Buffet did.
CNQ was a different story, and they don't had this wall of longterm, tired, shareholders. And with their direct exposure on WTI, they just explode. Crude worth something to export, reffineries making fuel and diesel are worthless if you have faith in foolish Libs.
My point, we are actually replacing old longterm shareholders by new one, who think, against the normative eco-idea. This will take time, but i can ear some voice beginning to point governement sad war on carbon and the consequence we are living with. The volume talk by itself, there is a lot of resistance. At some point these sellers will be out and we will climb, and climb fast. Have a good weekend guys, Sant!