RE:RE:SkypitSkypit,
Thanks for your kind comments. Yes, allowing oil to find its own level “without props” is a great reference point for going forward. You can be sure that with the Saudi inner circle pushing added supply into the market that the bottom, when it comes, will be an overshoot. I have no idea what that level may be, in fact, it may have even occurred already. There is no way anyone could know beforehand. I should have made that point clear in my post. Remember, there is no spare capacity left and once these inventories are cleared, lookout! This is why I so resent the Suncor offer. To me it looks like a “smash and grab.” Surely there should be some premium offered COS shareholders for the eventuality of higher crude prices. I don’t want to sermonize in the midst of the wolves feasting on the fallen stag; who would listen? But in order to do business does it always follow there has to be one puffed up victor and one poor sucker?