RE:RE:Renewables only accounted for 36% of Aussie energy in 2022Kman86 wrote: Ohh how quickly one can flip sides....you're one of those people who cheer a stock when invested and trash it when you're out and have packed up shop. It's not difficult to see through your BS and sideline bantering old man. If you've forgotten about how much of a Suncor fan you were just over a year ago, here's one of your many cheering posts from last year. But wait, let me guess.....a lot has changed since then bla bla bla. We'll wait for it. Your explanations won't change the fact the your foo*ishness has been seen by everyone. The ESG part is the most comical:
"SU was trading around $45 before covid hit. Since then, the company slashed $1.5 billion off its operating costs and has been proactive in slashing operating costs. Instead of managment flying off the handle to cater to the pressure of the ESG focused left, they stuck to their knitting and will be delivering "best ever" results next week. On top of that, the company recently presented a what appears to be a well thought out plan for meeting governmental GHG emission goals in the company's own back yard with a strategy that feels into their operating wheelhouse.
And yet, here we are with SU trading under $40 as the market is clearly ignoring the reality that is staring us right in the face.
Yup, interest rates are going up. Yup, the situation in Ukraine sucks. Yup, the Chinese are still pretending that their vaccine is effective while continuing to shut things down in the belief that colds no longer are deemed to be acceptable. Yup, the European politicians are still getting it all wrong. Yup, the Americans continue to follow the pathway of the Europeans as the Americans have to prove that they can get it more wrong (too bad wronger isn't a word) than their Euro counterparts. In spite of all of the above, oil demand is growingand will keep growing until more affordable alternatives are put in place or people change their behavior towards energy.
The dip today was just another market manipulation. We will continue to see more of that in the future as it is all about manipulating headlines so the market makers can spend the summer in the Hamptons. You can choose to read the headlines and feel dizzy, or you can look at the basic laws of supply and demand and how a company like Suncor fits in with your investment objectives"
as i've said earlier, he is seeking confirmation bias. He done that for SU and was profitable for him. He's doing it again for tesla now, IN SU BOARD because he knows (or believe) SU board has some good knowledge based posters.