RE:Suncor $56 per shareWe will be going into a receision as the prices are too high, inflation coasts are causing people to stop or slow down spending which will cause all companies to start laying off employees, this will reduce the deamnd for oil world wide and hence will drop su stock to new low levels and many other companies, this is why it may be beneficial to have cash on hand for a rainy day, instead of buying back shares, such companies will surrive the downturn
I suspect big banks will starft to cut back demand for oil in the near future and hence why a number of analysts started to downgrade SU, they dont like what they see in the future.