RE:RE:RE:RE:RE:RE:May 5 2020
Theres now three vaccines approved,and with 10 per cent of Americans already immunized,and talks of allowing vaccinated individuals passports to travel ,(that i fully support),air travel is increasing weekly.Immunization is ramping up as doses are now being distributed in a more orderly manner.Covid was the single cause of the downturn in the world economy,and a vaccination seemed incredibly far away even a short time ago.I personally think the economy will ROAR back to life,as people strive to rid themselves out of the "covid doldrums".Cruiseships and airline travel destinations will be blocked,and this provides another unique opportunity,and escalation of oil prices when the world come to grips with so many oil projects and exploration activities that have been cancelled and that cannot be brought back to life as quickly as people think.Financial institutions will not want to fund new and risky oil ventures either,and this will create the perfect storm for those companies,(like Suncor),that can and will supply the market for years to come.Extremely strong buy.