RE:RE:Spread increaseYes,we do speak the same language.
On a daily trading session, i don't think no one can say why a stock is up or down unless
driven by news story.
But what i do know,is the value of a company.And Suncor is very cheaply valued based
on the profitability that it's long life assets will produce.
Suncor was probably up at the open because WTI was above $88.
Were will it close is anybody's guess.
But i just added to my position.
Just like the SP, spreads can go in any direction.
But for now and since Feb. 2021, they are at amazing levels.
This a.m. when i wrote my post,3-2-1 was at $46.40,now it's at $4717.