At about 4.30 PM API will release preliminary results in regard of US oil reserves.
They are expected to have dropped by 3,4M barrels and any results indicating more than 3,4MB would immediately have a great impact on oil price.
That being the case, expect a good rise in the shares of MEG (tsx) and SUN.
Both are undervalued at this time because of oil price but i suspect a rebound in the coming weeks so it could be a good time to get some $$$ in.
They are expected to have dropped by 3,4M barrels and any results indicating more than 3,4MB would immediately have a great impact on oil price.
That being the case, expect a good rise in the shares of MEG (tsx) and SUN.
Both are undervalued at this time because of oil price but i suspect a rebound in the coming weeks so it could be a good time to get some $$$ in.
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