Kenneth P. Norquay, CMTPetro-CanadaPCA.TODON'T BUYFeb 12, 2008
This is trendless. It hasn't gone anywhere. Has basically gone sideways since the middle of 2005. In a trendless market, it is a trader's market. You want to buy Low and sell High. You should have some rules about what Low is. Use a short-term chart to see what the trading range should be. In this case, unfortunately, the January low has been taken out indicating it is still in a downtrend.
(A Top Pick Oct 16/08. Up 107%.) (Now Suncor (SU-T)) A dominant player. Well diversified across gas, oil, oil sands, upstream, downstream. Will be the bellwether stock in the oil/gas industry.
Merger with Suncor (SU-T) makes all the sense in the world. Very good combination. You get the oil sands along with a cash flow that will come from their more conventional assets.
Merger with Suncor (SU-T) is pretty much a done deal. Doesn't think this will go any higher so he would sell and pick up more Suncor, which is in the penalty box right now.
Merging with Suncor (SU-T). The reason to buy either is that they have a production profile that could grow dramatically. If you are positive on energy over the next little while, it makes a ton of sense to have a senior company like this.
Merging with Suncor (SU-T) and would prefer to buy this rather than Suncor as the deal risk is minimal. Thinks government and shareholders will let the deal go through. A cheaper way to go.