Suncor Energy Inc T.SU

Suncor speaking live now on Reuters

[stwatcher]

https://www.facebook.com/Reuters/videos/681615103265435/

[stwatcher]

Interesting discussion to questions about current market and supply .... Canada by years end may be able to supply a few more hundred thousand barrels to the market as it takes years to ramp up any projects . But we suspect like in any of the other high priced value of oil markets in the passed , very quickly we will see a cut in demand due to price and will see oil back to normal levels ! 

[jx7000]

So there should be some short covering in the morning, right?

[stwatcher]

short possible but I think oil will continue downwards as the possiblity of Venezuelan oil is hitting and possible saudi . Its a risk on which way this could go . I've covered both sides with in the money calls and out of money puts

[Chad123]

It is likely that oil will drop farther especially if there seems to be some resolution to the Ukraine situation, which is currently being digested in the market.  Personally I am happy that oil has regressed a bit. I hope it gets back closer to $100 by the end of month. Don't think stocks will drop much and staying long on mine. Excellent interview yesterday and thanks for posting the