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 Chris007on Feb 21, 2021 9:37pm

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Post# 32623541

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

No, I've been in and out of this stock several times since the covid crash...can't say i've done that well on it, other than the initial pop, getting in late march 2020 and riding it up to almost $30 in June, which was nice...however, its been lagging since. Other times, i tried buying in have been pretty lacklustre.

this time around, my cost base is around $20...however, its not a very big position. most of my energy money is still in ERF and MEG

ManitobaCanuck wrote:

Chris007 wrote:

Chris007 wrote: lol...no one is arguing that the divy cut wasn't a prudent move. However, there seems to be a lot of anxiety on this board regarding SU's underperformance vs. peers. Its worth exploring possible reasons for said underperformance.

I definitely believe that at current oil prices, the stock is undervalued. That being said, the real question is, for how long will it stay undervalued? There very much is an opportunity cost to having your money parked in an underperforming stock, while other parts of the market are ripping higher.

Mtklip wrote:
the divvy cut is going to help by reducing share count and debt and stronger opportunity for reinvestment in ESG. Suncor has enough oil, they can improve their image and balance sheet. Have patience.

Thinking of deploying some profits here from your recent win at Athabasca Oil ?
Lol