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Kurt,
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All Comments by jjason »Suncor Energy Enjoying Booming Oil [View article]
What do you think will be the effect if the US Congress is able to put an end to the worldwide oil cartel/monopoly called OPEC?
Also, the public is finally fed up with speculators driving up the price of oil and other commodities and there are members of the Senate and House who are attempting to do something about it ( like closing the ENRON LOOPHOLE.) Will these events cause oil prices to drop to $65.00 per barrel? And will $65.00 per barrel oil affect profits at Suncor?
In the past week all the Canadian firms in the O&G industry were at or near 52 week highs and have started to fall. It seems to me that some of these Canadian firms may be way overpriced at this time.