Oil prices are low now and will remain so through the end of 2009 most likely, but with the rising demand in Asia and Africa and the decreasing production should drive up costs. Suncor has investments in Canadian oilsands which are currently the… More
Suncor is an excellent long term investment. However, recently the stock has gotten way ahead of itself. SU has great asset reserves but is a high cost operator. They need high oil prices to remain competitive. Any short term run up in oil (now $63)… More