Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.

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Suncor Energy Inc. > Why hasn’t it rallied already

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Comment by NPCexeon Feb 20, 2021 10:49pm

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Post# 32620444

RE:RE:RE:RE:RE:RE:RE:Why hasn’t it rallied already

I personally chose SU because BTE or OVV were extremely risky bets.. yet those stocks went up 30-40% since end of jan. Chris is right, if you go heavy on a solid company and you see smaller chumps outrun you, you tend to wonder whether you should sell. To not see this as a valid point is to be too attached to a stock and this is how people potentially hold the bag for years. I don't think it's the case here, but it's frustrating nonetheless. Will see next earnings what happens. I expect 28-30 in anticipation of strong earnings

Chris007 wrote: SU is definitely the "safe bet" for Canadian energy, as well as the name generalists tend to own if they own energy at all.

Mtklip wrote:
it's nice when stocks rally at different speeds, you can take profits elsewhere and move to suncor. At least with Suncor, you're not that exposed to low oil prices.