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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.


TSX:SU - Post by User

Suncor Energy Inc > THE GOOD, THE BAD AND THE UGLY - FROM ATH JUNE 7 TO OCT 14
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Comment by Spanitoon Oct 15, 2022 11:32am
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Post# 35026674

RE:RE:THE GOOD, THE BAD AND THE UGLY - FROM ATH JUNE 7 TO OCT 14

RE:RE:THE GOOD, THE BAD AND THE UGLY - FROM ATH JUNE 7 TO OCT 14Hi 555rookie555,

Please don't take my opinion like I am pumping any one of these top Spanito Pick's as per below.
I am basing my picks based on their Q2 Financials, All Time High's in June, and largest drops since their ATH's.   Therefore,  if I was a betting man and wanted to see the largest returns then this is my top picks.   All based on WTI OIL climbing back upwards.  Right now it doesn't look stable for me to tell you to buy right now. 
      I am guessing WTI will revisit 70's pricing soon prior to Mid Term Election.
If WTI does reach these levels then these will be available to purchase at much lower share pricing than they currently are at.  I hope the above makes sense otherwise please ask for more clarification.
       Another bit of info to add to this is the following:  Do I think you should buy 100% any stocks during a Recession, or leading up to a Recession,   hell No.   Do I think you should buy stocks in the middle of the Recession?  Yes.   Do you think prices of WTI Oil give clues leading to a recession?    No  I don't agree.  
Pay attention to this important fact.  Oil  reached $145 at the start of 2008.  And then crashed months later.  In the beginning of 2008 most oil stocks or any stocks had already crashed.
So Oil pricing did not go hand in hand with the Stock Market.

Anyways,  my picks of stocks I will buy and hold for only 2-3 months at most when WTI tanks within a few more weeks.   Then I will sell them on 25% or more run ups.  Then call it a day for 2022.
2023 caution will be the game plan.   If WTI does not tank, I will consider entering a few positions for a short term investment.    
  1. ATH
  2. BNE
  3. IPO
  4. SGY
  5. JOY
  6. PIPE

Do I like your picks you mentioned,   hell yes,  but that's not my game plan.

Please read the following information:
https://www.investopedia.com/ask/answers/052715/how-did-financial-crisis-affect-oil-and-gas-sector.asp


Spanito





555rookie555 wrote:
thanks spanito. At these levels which do you see as having the best potential? I may include MEG and CVE in my portfolio on the next drop


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