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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > Looks like a Biden win!!!
View:
Post by Wynjoe on Nov 06, 2020 3:13pm

Looks like a Biden win!!!

If so,long term oil prices may look good,however,wallstreet will penalize all the stockmarket,hence suncor will be shorted lower then EVER!!!!Not the way it shouldd be,just the way it is.SHORTERS MARKET COMING!!!
Comment by AlexRox on Nov 06, 2020 10:05pm
I think there will be some volatility, however I am not sure if the SP will go down significantly from the current levels given based on the Biden win. I think for as as SU longs what matters most fundementially is demand recovery for refined products. So SU can get better margins. I think that's why SU didn't go lower that much in 2014-2016 as lower oil price, itself doesn't impact ...more  
Comment by BlueGuitar1 on Nov 06, 2020 11:00pm
As long as the Republicans hold the Senate, no Socialist leaning bill will pass.  Oil is not going away anytime soon.  Today was a big buying opportunity.  
Suncor Energy Inc.
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