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. The Company 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 > Interesting day in the market today

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Comment by RagingBull3on May 05, 2022 7:59am

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Post# 34657857

RE:RE:Interesting day in the market today

Obscure1, you better check out your SHOP shares... It's worse than I guessed.

All just my opinion/view/thinking

RagingBull3 wrote: I spent 5 minutes looking at SHOP's Financials..... I'm guessing they are going to report MASSIVE LOSS for Q1. Just guessing.

All just my opinion/view/thinking.

Obscure1 wrote: NFLX down 35% on Q1 announcement of a drop of 200k subscriptions (which included the 700k drop in subscriptions as they shut down operations in Russia. The outlook for Q2 is worse and the analysts will have to rework their numbers DOWN.

TSLA down $50 per share in concert with NFLX (no idea why as they are not related in any way) in anticipation of release of Q1 numbers after the close. TSLA numbers blew away the concensus numbers and TSLA shares were up $53 in the after market. The analysts were caught with their pants down and will have to rework their numbers UP

SHOP shares were down $106 (13%) for absolutely no reason other than the tech sector was all Red today. I bought a chunk a pretty good chunk of SHOP at the close on my belief that their Q1 numbers which get reported in two weeks will exceed the analysts consensus. I think SHOP has a decent chance of taking a few perecentage points out of AMZN's market share going forward as soon as they get their distribution network set up. Even a grab of 2% of the market will have a huge impact on SHOP. The 70% beat down of the SHOP share price seems over cooked to me and reminds me of when ENB got creamed for a year or so after they acquired Spectra. I expect SHOP to rebound significantly in the next 12 months.

SU recovered yesterday's loss on the $0.50 increase in the price of oil today after yesterday's $6 beatdown of oil prices. I see the trading as very bullish.

I doubt anyone cares about anything in this post other than the last comment on SU, but I always find it interesting when other poster share their thoughts.