Burgundy has generously provided you with the facts How you interpret facts and act upon them will depend on your intelligence and experience as an investor.
COS is highly desired for quality and quantity of asset base priced at a steep discount in the market. Selling out of COS holdings when oil trades at unsustainably low levels would be a transaction that is fear-based, showing lack of understanding.
The decision to stay with COS or exit for SU is not as complex as some would have you believe. Your expectations for the price of oil over the next 12-24 months will help to guide you through the decision-making process.
-Suncor shares will fare better than COS if the price of oil remains depressed for an extended period of time
-Canadian Oil Sands shares will outperform SU if/when the price of oil moves up above $50
Now that you own COS, you have a decision to make. If you still believe oil prices will normalize at the marginal cost of production, as I do, then you know COS will be the better investment from here forward.
SU would agree that COS represents good value at current levels otherwise they would not be aggressively pursuing your shares.
Be rational, think about your own projections for the price of oil. We all know oil prices will rise, we just have varying expectations for when a rally will take place.
Below is the taste of what's to come.
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While we blindly celebrate the introduction of a new calendar year, the Middle East continues to spiral downward...
TEHRAN (FNA)- The Yemeni army and popular forces destroyed Saudi Arabia's strategic oil reservoirs in the Southern province of Asir with a Qaher-I ballistic missile.
Military sources said that the missile hit large crude stockpiles in Abha region of Asir province with high precision and "caused heavy damage".
Smoke spiraling above the reservoirs can be seen from kilometers away, local witnesses said.
It was the 11th Qaher-I ballistic missile fired at the Saudi targets in the past 20 days, meaning that Yemen targeted its enemy with one ballistic missile every other day, they added.
On Thursday, the Yemeni forces also targeted Saudi Arabia's strategic Abha airport in Asir province with a Qaher-I ballistic missile.
Wednesday reports also said that the Yemeni army and popular forces launched a fresh round of attacks on the Saudi forces' positions in the province of Jizan in the Southern part of the kingdom with their upgraded ballistic missiles.
Yemen's Qaher-I ballistic missile precisely hit Saudi Arabia's military bases in Jizan province, inflicting heavy losses on them.
Tens of Saudi troops were killed and dozens more were injured in the missile attack.
Qaher-I is an updated version of a Russian-made surface-to-surface missile.
On Tuesday, the Yemeni army and popular forces targeted Saudi Arabia's Aramco Oil Company in Jizan with Qaher-I ballistic missiles for a second time in less than two weeks.
"The (Qaher-I) missile precisely hit Aramco oil company on Monday night," the Arabic-language media outlets quoted an unnamed Yemeni army official as saying.
He reiterated that the missile attack came in retaliation for the Saudi-led aggressors' violation of the UN-sponsored ceasefire.
Yet, the source did not give further details about the damage incurred on Aramco Company.
On December 21, the Yemeni forces also hit Aramco Oil Company with Qaher-I ballistic missile
The ballistic missiles that have recently come into service in Yemen's army have claimed a heavy toll from the Saudi side of the war. Only in the last one week, around 550 Saudi-led troops have been killed by these ballistic missiles.
Earlier this month, the Yemeni army's ballistic missiles hit Saudi Arabia's National Guards Base in the city of Najran in the Southern part of the kingdom.
The Qaher-I missile strike incurred heavy losses on the Saudi troops in Najran province.
Military sources announced on December 22 that the Yemeni army and the popular forces pounded targets in Al-Khuba region in Saudi Arabia's Southern Jizan province with hundreds of home-made missiles and rockets.
"The Yemeni forces have attacked Al-Khuba region with Over 700 rockets and missiles," the Arabic-language media outlets quoted an unnamed military source as saying.
Last week, the Yemeni army and popular forces targeted a strategic military base in Saudi Arabia's Asir province with another Qaher-I ballistic missile.
The missile precisely hit its target in Al-Faisal military base in Khamis Mushait region of Asir province.
Last Thursday, the Yemeni army and popular forces launched a fresh round of attacks on the Saudi forces' positions in the Southwestern province of Lahij.
Brigadier General Sharaf Qaleb Luqman, the spokesman of the Yemeni armed forces, made the announcement in an interview with Yemen's official news agency, adding that the Yemeni army and popular forces' Tochka missiles hit a gathering of the Saudi forces at al-Anad military base in Lahij province.