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Email this1:09 pm
December 23, 2011
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Just wondering if one should overlook making a purchase of Suncor due to the current oil prices and shut downs of some oil production in Canada?
3:36 pm
October 21, 2013
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Didn't Buffett just buy a bunch? I think I saw that in the paper in recent weeks but could be wrong.
Personally, I have no idea whatsoever.
4:25 pm
December 23, 2011
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I just read another article online that suggest the oil market will rebound and that buying oil right now is not a bad idea. I am not talking about buy 100's and 100's of shares like Warren though.
6:14 pm
August 28, 2013
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If you do not buy 100's and 100's of shares, there is no point of playing that market. Or you like those fancy share certificates so you have one share of Apple, one share of RBC, one share of Blackberry, etc. No point of playing small if you want to gain.
8:05 pm
July 10, 2011
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I don't think the impact has been fully reflected yet across board oil/Canada wise.. With no exposure at all to Toronto or oil why not put some money in?
6:09 pm
February 20, 2018
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What we all missed in the bottoming upturn in oil can be summed up in two words "national security". No way government is gonna let critical refineries supply infrastructure shut down it's maybe as important as banks. Imperials refinery in Sarnia is it i believe is the only one that feeds entire province. The U.S. n Cdn govs are suspending environmental enforcement temporarily to help the industry.
6:38 pm
December 12, 2009
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Bud said
What we all missed in the bottoming upturn in oil can be summed up in two words "national security". No way government is gonna let critical refineries supply infrastructure shut down it's maybe as important as banks. Imperials refinery in Sarnia is it i believe is the only one that feeds entire province. The U.S. n Cdn govs are suspending environmental enforcement temporarily to help the industry.
I think Shell might have one in Ontario, but not totally sure. Also, don't forget U.S. refineries also supply parts of Canada.
As to bottoming, no bear market has had only a single bottom, according to TD Securities equity research team.
I will say that, as far as the stock market is concerned, I am much more at ease as a bull in a bear market than I have been as a bear in a bull market for the past five years. As far as COVID-19 and the economic shutdown is concerned, it's downright depressing and I feel uneasy. 🙁
Cheers,
Doug
9:43 am
October 29, 2017
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Mmmmm... free oil. I guess I’ll keep that cup of coffee I was ready to trade for a barrel of oil.
12:08 pm
October 21, 2013
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$.73/litre at my Costco today. And that includes the "carbon tax".
8:31 am
October 29, 2017
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Drowning in oil.
https://www.cbc.ca/news/business/oil-negative-price-1.5538996
5:45 pm
January 28, 2015
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Suncor is still at 20.64 a few weeks back when oil was higher it was at 14.02 ,before this mess it hit 46.00. I think it's too high right now , with the world glut, oil is going nowhere, Suncor should drop to 10.00 in my opinion . A typical plane (737) most common takes 45,000 lbs of fuel. Toronto Pearson usually sees up to 400 flights daily, the other day on the way to work I heard on the radio there was only 9 flights coming into Pearson that day . Now today Air Canada has suspended all flights to US until May 30th.... oil is going nowhere
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