Su ( oil sands Canada) is a short candidate.
Eps forward is about as dismal as I’ve seen.
50 day at 72, anything higher or close to 50 day,
short sell SU,
I’m looking for SU support of around 63 down to 60.6. I favor $60…
Su mr17 3.68/4.02 j10 4.83/4.00 n25 4.96/4.54 o22. 4.95/4.57.. s26..5.07/4.89.. jn 06/07 flat 4.12 / 4.27 19.7x
IN Mar 07 EPS 3.68
IN Jun 06 EPS 4.27
EPS TRENDing down 18% ….
Stock price could go more than worse …..(june – oct 06) of $63
Bottom line 82 – 26% = 60.6
Look at POINT and figure OUTLOOK, They even have it right.
First time for everything, I guess.
If you’re new to this blog, and want to understand percentages and EPS trend, start with EXBD blog, and work your way forward.
2 comments:
z-stock, it looks like you are bearish on almost all gas retailers. SU and COP is what I remember.
Whats the confirmation, if the price of crude oil keeps going down, SU is a short?
Still bullish on XOM...XOM share buyback program is $7 Billion dollars per Quarter.
That'll Keep XLE and XOM, in a tight trading range for a long long time.
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