RE: RE: RE: RE: Oil inventory predictionI listen to Bloomberg radio every morning and today I listened all day trying to get some tip on whats expected. I have no doubts that with the return of a strong world economy Oil will be priced above the $75 / $80 range. It's the time between now and then that is prime for playing the ups and downs of Suncor as it moves so much in a short span.
Anyway, a common theme was that opinions of many Bloomberg guests was that the valuations of many many companies are starting to get expensive for what companies bottom lines actually are right now. Essentially, they said that equities are getting topped out for where the economy is at right now.
With all that, plus the fact we have had such an increase lately, I think we will see some settling in the markets soon.