This week's chart shows what a high-cost oil producer can do in the midst of a bull market in oil. It's the action in blue-chip oil sands producer Suncor Energy from 2000 to 2008.
During this period, crude oil ran from $25 to $95 a barrel... a gain of 280%. In an incredible display of leverage, Suncor returned 1,030% in the same time.
If Jim Rogers is right about the commodity bull market running for many more years – and oil possibly going as high as $200 per barrel – expect to see more charts like this coming out of the Canadian oil sands.
During this period, crude oil ran from $25 to $95 a barrel... a gain of 280%. In an incredible display of leverage, Suncor returned 1,030% in the same time.
If Jim Rogers is right about the commodity bull market running for many more years – and oil possibly going as high as $200 per barrel – expect to see more charts like this coming out of the Canadian oil sands.
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