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Suncor will be 'digging up' profits for a very long time |
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| Feb 26, 2009 10:50 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Stocks to Buy  An oil play? In this market? You may ask, "How so?" True, the price of oil collapsed 2008, due to the departure of many leveraged investors after the financial crisis started, and due to the U.S. and global recessions. Hence, given oil's likely sluggish 2009 path, you have to investigate thoroughly (due diligence) and invest carefully when you're considering an oil play. That said, know this: oil 'taint' going to remain near $35-45 per barrel forever. When global GDP growth resumes (it's flat-lining now, or worse), oil will move back toward $60, and with the above in mind, Suncor Energy (NYSE: SU) is worth a review. Continue reading Suncor will be 'digging up' profits for a very long time Suncor will be 'digging up' profits for a very long time originally appeared on BloggingStocks on Thu, 26 Feb 2009 17:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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