2012-12-28
| Signal | Price | Bias | Subject | Owned |
|---|---|---|---|---|
| HOLD | $19.870 | BULLISH on RESOURCES | RESOURCE | Unknown |
Largest investor in Syncrude, which is the largest investor in the oil Sands. Feels the weakness is because of the differential between Canadian and US prices. Also, they do not have a refinery so they are at the mercy of the markets when it comes to prices. Higher oil prices are here to stay and this will benefit from that. 7.04% yield.
Michael Giordano
VP Investments & Portfolio Manager,