Does the Crude Awakening in Oil Prices Still Make Suncor a Buy?

Even after the Strait of Hormuz eventually reopens and Iranian tensions ease, it’s doubtful that the West Texas Intermediate (“WTI”) oil price will decline to its pre-strike level of $65. Instead, we expect today’s $98 price to settle in the $80–90 per barrel range. There are several reasons why we expect a higher floor for […]

High Gas Prices May Drive a Quick Exit from Iran

The average price of gas at the pump for U.S. consumers is up 30% since the year began. Most of that occurred recently, following the strikes against Iran.  If you follow the prediction markets, it doesn’t look very likely that the Republicans will win the House or even the Senate this fall. Current odds suggest […]