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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

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Post by stwatcher on Jun 14, 2022 10:36am

peaked

possible Suncor is at the top . Selling pressure is prety strong even with 123 oil
any thoughts
Comment by pooltec on Jun 14, 2022 11:36am
Unless everyone stopped driving during summer driving season.  Peeps sell everything when spooked including gold.  Numbers to damm good to ingnore with su.  See what feds decide this week market pricing in .75 hike.  
Comment by firstworld on Jun 14, 2022 2:15pm
Oil windfall tax to hit Canada soon. I'm out. Better to buy African oil - the politicians are not ashamed of their V12 mercedes and business jets like they are in Nazi supporting markets LOL. 
Comment by thegreattimario on Jun 14, 2022 2:29pm
There will be a windfall tax but it will not be introduced until the fall budget. I definitely would want to be holding when they announce their next quarter. It will blow away the last quarter.. 
Comment by firstworld on Jun 14, 2022 7:29pm
precarious at best the facists can introduce at any moment to appease the Bolshevik masses addicted to cheap credit and $300 BN in welfare ...now going broke. Seems everyone is announcing them out of the blue. This is like Canadian realestate....music stops and everyone holding the bag of shut haha.
Comment by Chefboy69 on Jun 14, 2022 9:16pm
call me crazy but i had to sell my Suncor shares...I am no longer a share holder. I stil own GXE...it has not moved in 5 months but I feel SU is all tapped out with upside soon we will see DEMAND DESTRUCTION with incresing prices at the pumps AND the energy trade is TOO CROWDED now..i buy things when they are hated and sell when they are LOVED the run was FUN but i took my 130% profit here Good ...more  
Comment by Mirko22 on Jun 15, 2022 9:22am
I have done real well . Sold few times but I will wait for Q2 as it could be catalyst for higher SP . I could be wrong but that is the chance I will take,