RE:RE:RE:RE:My opinion on Suncor and the Oil marketultravires88 wrote: I agree if a recession were to happen (not until the 1st quarter of next year at the earliest), the price of a barrel of oil will be in the $85-120 range. Nevertheless, a recession will lessen demand at their Petro Canada gas stations due to consumers finding ways to save and reduce their spending. Not sure how much revenue is contributed to their overall profit from their retail operation. I can't see more than 15%. Anybody know the actual figure?
There is a very easy way to find out for yourself. Simply take the time to look at their financial statement!! Hint...it is a lot more than 15%!!!