Sunday, November 7, 2010

Suncor Energy Has the Right Assets for an Oil-Hungry World

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Suncor logoI first discussed Suncor Energy (SU), here on February 5, 2009, at a price of $18.35, and the Canada-based oil sands play continues to try the patience of investors. The stock has cycled above/below the $31 level for seven months.

Moreover, that technical indicator uncertainty typically would warrant kicking the stock, but Suncor's business model and energy sector status keeps the trade in play, for now. I'll review Suncor again in a month or as conditions warrant.

Continue reading Suncor Energy Has the Right Assets for an Oil-Hungry World

Suncor Energy Has the Right Assets for an Oil-Hungry World originally appeared on BloggingStocks on Fri, 05 Nov 2010 12:30:00 EST. Please see our terms for use of feeds.

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