Post by
Wynjoe on Aug 09, 2021 8:13am
Too many shares,too few buyers...
Suncor squandered to much money in the past,hence the huge number of shares."Tar"sands is out of favour,and more investors daily, are searching for more environmentally sound investments.With piles of cash needed to start terra nova once more,and putting money into green energy projects,Suncor may be buying back shares now,but very soon they will be at the trough looking for buckets of funding.They squashed dividend because of covid,and continue to put shareholders money into these future "greener"projects instead of paying back shareholders.Suncor is a sell,and the proof lie in s/p performance.Bigger companies then this have went bankrupt,and the gretas of this world are relentless,and financial and investment institutions DO NOT want "Tarsands"on its books!!!Suncor has become a daytraders dream,instead of a longterm investment,SELL WHILE YOU CAN,TOUGH TIMES ARE COMING FOR SUNCOR LONGHOLDING INVESTORS!!!!
Comment by
Wynjoe on Aug 09, 2021 4:05pm
Suncor has been plaqued with problems,one after another.Accidents,water issues,deaths,outdated equipment(fpso),and the list is building.This coupled with the federal goverments lack of affirmative action and carbon taxing,Suncor is DOOMED.When Norways wealth funds admonished the world for investing in this climate polluting behemoth, that was the beginning of the end for Suncor.MAJOR SELL!!!!