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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

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.


TSX:SU - Post by User

Comment by integrity11on May 04, 2022 11:44am
226 Views
Post# 34655192

RE:hope BOD and management change soon

RE:hope BOD and management change soonIMO the main reason SU is down is due to the short players desperation to clear their accounts. They are in trouble and there are many short players in SU. They need to buy now before the Q1 results which in spite of iffy management are expected to be significant. The shorters/hedge funds are working together to try to buy enough shares to clear their accounts. The problem for these players now is there are not enough shares being sold to clear their accounts and near the end of the trading day the share price rises as desperation increases. This is my theory. I welcome comments.
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