Sunday, May 6, 2007

Suncor Energy

am adding Suncor Energy (SU) to my watch list. SU is a Canadian based integrated energy company that primarily produces and markets crude oil captured from oil sands located in northern Alberta. The company also owns and operates Canadian's largest ethanol facility as well as 71 megawatts of wind capacity with the 76 megawatt Ripley Wind Power Project scheduled for completion in late 2007.

Aside from strong fundamentals, the technicals of SU chart have become increasing enticing. I will reports more on this at a later time.

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