Aqkp Unloved and Undervalued: 6 Reasons to Be Bullish on Suncor
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Oil keeps whipsawing wildly with markets reacting strongly to each piece of good and bad news. While the outlook for crude at the start of 2019 was optimistic, the trade war between the U.S. and China coupled with fears of a looming recession are weighing heavily on its price.Oil weakened sharply in recent days after a report was released by Citigroup indicating that demand growth had declined significantly, that was even after Saudi Arabia was forced to shut down half of its oil production after a drone strike. There are also fears that OPEC may not extend or deepen its production cuts, which wou stanley bottles ld leave the world awash in a massive oil glut.These stanley kubek factors are weighing hea stanley flask vily on the energy patch. Many upstream producers, including Whitecap Resources TSX:WCP , are down significantly. The decline in Whitecap s market value has outpaced the North American benchmark West Texas Intermediate s WTI fall of 17% over the last year to be down by 42% over that period.This marked decline in Wh