What does the future hold for SU?

[brooklynboy]

It seems it is in a slow decline? With the recent oil price drop, and the Chevron announcement yesterday, etc. What do you all think about holding this stock long term?

Any thoughts about purchasing StatOil or DEVON?

Thanks!

[chinaman711]

I would wait till oct as we should start picking back up going into earnings reports, but i am holding puts on su so im betting the big oil companys continue to fall for a few more weeks. All bets off if something big happens and oil shoots up. Right now techs the place to be imo. Good luck

[brooklynboy]

point taken...seems like today people are taking profits...yesterday I was all in green today is all in red.

[chinaman711]

Keep an eye on oil if 67.40 does not hold we could see 65 dollar oil. SU i hope to get back in under 70. Good luck and if su gets back to 66 again i will be loading up on calls again.

[englishman26]

Iran pulling out of talks with the UN could see a rise in oil prices tomorrow.

[chinaman711]

Oil below 67.40 not good imo. If oil looks to close today below 67.40 i will be adding to my puts in big oil companys. Best to trade these oil stocks for now JMHO