GREY:MGMCF - Post by User
Post by
OilEngon Feb 02, 2013 12:10pm
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Post# 20928953
Is Husky's telling us something about Canol?
Is Husky's telling us something about Canol? I have no idea about technical analysis, so I would like some help with something that I have noticed about Husky's trading. Below is a chart for Husky as compared to Suncor which I think has a similar business. Around November 27th they starting diverging. This is just about the time that they gave an investor presentation in which they gave a lot of details about their resources plays. They also gave out some stuff on the Canol (they call it Slater River).
I have done some back of the envelop calculations and Slater River could be very material to Husky. I think they could have a lot of oil there and it would really move the needle on their stock price.
What do you think is going on here?