RE:RE:Smart Money Thinking 12 months ahead an loading upDefinitely from the TO rumors.
Big question is if the big players want to make a play for this now or later. Given the problems at Syncrude, with the perrenial underperformance, the constant operational issues, and the fact that this is some of the most expensive crude to produce, it's hard to see a partner paying a big premium for COS given the low oil price environment that will persist over the next few years.
It still could happen. Not denying that. But does is really make sense to do it "now"? That's the debate. We have players on both sides of this trade. I'm on the short side for now.
Praxis1 wrote: BetterCallSaul wrote: Good to see sp holding up...this bodes well for TO talks.
It sure is holding up. It doesn't seem to track oil price anymore! What is going on? Is it purely because of these TO rumours? If it is, watch out if nothing happens!