RE:We are having are cake and eating itcommodities are doing great and yet CAD is in the dump, at 0.7263 currently.
The world has no confidence in canada while true dough is running canada.
Luckily commodity are selling at world prices in USD so that cushion alot if one has commodity holdings
lifeisgood1010 wrote:
CAD$ is at it's lowest level of 2024, AECO nat gas is also at it's lowest level.
Crack spreads in CDN$ are near $42 and WTI is also at it's high for the year.
Last time we saw WTI at these level in CDN$, it was in Oct. 2023 but at that time spread were
$13 lower.This is huge for Suncor's profitability
We are only 12 days in the new quarter but if price stay in this area,my back of the
envelope calculations give me that Suncor will have an increase of about 70 cents to
it's EPS in Q2 vs Q1.
Yes, it's early in the quarter but things are trending in the right direction.
IF your an fund manager and want to beat your bench mark, you need to
be in the energy sector.
Underperformer will have no choice but to get in.
Staying long.
Nice weekend to all