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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > In July of 2020,wti was just over $44.00
View:
Post by Wynjoe on Jan 07, 2021 12:49pm

In July of 2020,wti was just over $44.00

With no vaccine in sight for covid,(suncor closed trading at 24.48),this was in July.Today,covids vaccine is being administered in countries all around the world,and Suncor trades at a lower value today,with oil much higher. PREPARE FOR A GIANT SPIKE IN SUNCOR S/P!!!!
Comment by Mtklip on Jan 07, 2021 1:25pm
I think the spike will come with the next earnings and forecast.
Comment by MiningD on Jan 07, 2021 2:29pm
I've moved this to my second largest position in my TFSA..  If you're patient a double isnt impossible in the short, or medium term.  Either way a great place to sit and wait for valuation correction.   I think we all have to be real that there is prob a ceiling on oil for a few years with huge reserves and dialed back capactiy, but we dont require higher prices to ...more  
Comment by Mtklip on Jan 07, 2021 2:39pm
Yeah, it will take some time, it's a good play to sell some puts, buy some calls two years out.
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