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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 Obscure1on Feb 21, 2023 4:05pm
150 Views
Post# 35297050

RE:RE:The recent $1.9 billion SU short sale mystery

RE:RE:The recent $1.9 billion SU short sale mysteryAccording to my TD account, my average sale across 30,000 shares was $44.28 per share. 

Before that, I was often trading SU shares back and forth while maintaining a core position as I find trading around a core position is often very effective.  My best guess without checking is that I probably averaged a $2 to $3 win per share for each of several round trips on the flips.  Obviously, some trades were better than others for sure.

One of my sons did start selling SU early at just under $39.  He ended up selling at an average of just under $22 per share on his 17,000 shares.  He bought those share at about $22.  He moaned a bit as the share price went higher and his pending tax bill on his non-TFSA shares, but he was pretty happy with his $340k win.  

My other son got in a bit later ($24ish per share) but he got out closer to $49 than $48 so he won the bragging rights for the Suncor trade.  

I guess trying to knock others down is your thing, but you should get your facts straight first or you end up looking pretty stupid. 
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