Another 12mm share cross at the closeThe price got pushed down as usual to facilitate the cross which represented 80% of the daily trade.
The pattern of late day crosses feels eerily similar to what happened with ENB for about 9 months.
We are either seeing an accumulation, or a professionally orchestrated transition of share out of weak (funds selling to get away from anything oil) into strong hands (funds that are interested in superior returns and either don't care about the stigma of oil, or are placated by the fact that SU is making a concerted effort to become eco friendly - 1/3 reduction in GHG by 2030 and net zero by 2050).
I know that some here feel that SU should be taking the attitude of F*** 'em like the Russians and the Saudis, but this is a different market.