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E Tech Talk: Canada’s Oil Sands Story

For reasons that will become clear, I think it’s time to put a few Shekels into Suncor, which has been a spectacularly successful oil sands company.

1. The first chart shows that, if you had bought shares 30 years ago, you would have paid a couple of bucks per share, and made off like a bandit. Prices did crash during the Great Recession of 2008-9, but even since that short-term catastrophe the company has done pretty well. Until you look at the short term, anyway.

2. The one-year chart, however...