Post by
Spanito on Aug 30, 2022 8:58am
Day #2 - WTI $93.80 LOW - SHARE PRICE
Yesterday was a very interesting day as WTI had a gain up to $97.66 US.
And today Recession Fears are taking WTI down again. Media, today's corruption.
Let's see how Suncor performs on Day #2, a Negative day.
My two cents is that Suncor will close more that 2% down today.
Hopefuly I am wrong, but since money is moving away very fast from Stocks don't be surprised at today's closing share price. 3 Days in a row like todayputs me out by Thursday or Friday.
8% a drop is the most I will endure like stated. $41-$42, But, like I said hopefully I am wrong and Suncor can move upwards this week. If not, my gamble was in my error. (my gut feeling told me to sell August 29th by the way)
Spanito
Comment by
Spanito on Aug 30, 2022 12:53pm
5% dive today, the entire Canadian Energy Market is taking a dive thanks to WTI tanking today. Wow, didn't see this coming today. WTI currently sitting at $91.23, a 6% tank today. What will OPEC do now to turn this around. Here comes the production cuts Spanito