I just sold out my positions on gold in canadian gold companies and will keep an eye on oil especially SU.TO as i still think this morning was the day to profit the most from gold and being ready to increase position in the oil sector.
As expected there is a rumor to the effect that major producers could put a freeze on production and would this way reduce the oil pile up without cutting production.
If that was to be true, it would be a great step in the right direction.
As for Suncor (SU.TO)we shall not forget that this is a totally different companie after they acquired Canadian Oil Sands participation to almost 85%.
Any small increase in oil price will be reflected into Suncor profit.
Watch carefully and have fun!
As expected there is a rumor to the effect that major producers could put a freeze on production and would this way reduce the oil pile up without cutting production.
If that was to be true, it would be a great step in the right direction.
As for Suncor (SU.TO)we shall not forget that this is a totally different companie after they acquired Canadian Oil Sands participation to almost 85%.
Any small increase in oil price will be reflected into Suncor profit.
Watch carefully and have fun!
Aucun commentaire:
Publier un commentaire