Suncor Energy Inc T.SU

Trifecta of global economic trouble

[Donwaan]

The impact of a weakening global economy on energy demand has been a growing story over this year, with fears of a demand shortfall overshadowing fears of a supply shortfall, which only matters when demand is strong. So far this month, WTI has lost more than 8% and Brent is down over 10%. Oils recent losses despite hurricane Francine are particularly worrisome, with some analysts pointing to concern over the outlook for the global economy. https://www.marketwatch.com/story/why-hurricane-francine-hasnt-sparked-theoil-price-rally-markets-were-looking-for-cbfc21da?mod=home-page

[Experienced]

Donwan... A few thoughts.. I think the article statements regarding the hurricane are bit overplayed.  There are hurricanes every year and the market generally holds a discount of about 10% in terms of lost production due to them. So unless there is a particularly devastating hurricane, other than pehaps a one or day wonder to shake a few trees for weak holders, there isn't likely to be