Any claims about the 'science' of the new variant are speculative.Blubbs wrote: ↑ How much do you actually understand about the science we have about this variant? Because it is not like the others.
Your overconfidence and use of the term "Dumb Money" without any reference to volume data that would indicate this is primarily retail investors tells me that you don't really have the answers... Mostly guesses.
That being said I'm holding the Suncor I purchased at $24.57 and do not intend to sell.
PS: Canada just announced a travel ban from several African Countries. Also Israel has stated they are close to declaring a new state of emergency.
Regardless of what happens with the COVID variant, there is no basis for this kind of one day reduction in market value of Canadian energy companies. See my post above this.
I can guarantee that institutions are not dumping Canadian energy shares in advance of the US long weekend. That is 100% uneducated retail investors doing that. Shorts are also playing off volatility, as usual.
"Like if you look at Crude WTI down 11% today, there is no basis for that kind of decline. Regardless of what happens with the COVID variant, people will still drive and heat their homes and need oil and natural gas. Domestic inventories are low and OPEC+ is going to be wary of releasing a lot more supply with these kind of crazy WTI drops."