Suncor Energy Inc. T.SU

Options Action CNBC

[Galic1]

With energy down 22% percent this week they see more downside since energy got stretched to the upside, they were recommending to reduce exposure to energy.  Glad I got out when I did made really good money this year with Tou and Su and CNQ going to stay in cash for now, put everything in the money market.

[Owlseye1]

Su valuation has never been strech so don't know what your talking about still undervalued n this oil bull market is still onboard using fundamental.Remember there using SPR to try keep this thing at bay,which will need to be replace at some point. There's NO signs of demand destruction so it full speed ahead. Russian war isn't going away anytime soon which I may add.All good add more

[Galic1]

That's not my opinion, that was Carter Worths advice he started shorting the oil and gas sector on June 1 that's why I sold.  Short sellers are ruthless, didn't want to get in the way of that.  There is a repeat of Options Action Sunday on CNBC at 6:30 am

[Owlseye1]

My advice to that is Saudis said don't bet against oil.I think I will bet on Saudis more then some short seller. I asked myself who has the most control here!! It will all play out in the end. Also Extremly tight oil supplies n weather events around the corner.Good luck to all

[mrbb]

short seller is just going for quick short term trend reversal. Oil/gas fundamental hasn't change. Any good stock would correct a bit after a good run up. Short sellers are traders, not investors  

[Tommy123]

This post has been removed in accordance with Community Policy

[Owlseye1]

$30 eh! Good luck waiting for this. Better odds of seeing $60 sp.Oil will bounce here again to $140 ish. Nice to dream l guess but not going to visit $30 again to much has changed from back in the day you'll get old n die waiting!lol

[Tommy123]

This post has been removed in accordance with Community Policy

[ziggy1410]

Two years of pent up travel, can't get a seat anywhere on short notice, and Gas inventories dropping,,,,Recession or not, it is Transitory....

[w8asec]

well Ziggy, as I write,,,,,I am in the business class lounge in Doha Qatar… This lounge is a monster well over 100,000 ft.² lineups for everything restaurants , toilets can't find a chair thousands of people in the business class lounge…Don't get me started on how many people there are in the rest of the airport… Been travelling through this airport for years I have never seen "

[mrbb]

canada just suspended domestic restriction for air/train travel by non vaxxed.

[mrbb]

vindictive trudeau lifted vaccine mandate for air/train travel for all sectors, EXCEPT ..... for truckers Also, the head of public health agency NEVER recommended vaccination for air travel in the first place.Vaccnine mandate for science and expert reason was all made up lie from liberal party, just like rcmp and ontario police didn't ask for the emergency act. {^youtubevideo|(width)425

[jx7000]

Ever hear the saying, "Markets can stay irrational longer than you can stay solvent."

[Bigbear7405]

Record amount of Boomers are retired and have their houses paid off and want to travel. They have defined benefit pensions as well. All recessions are different and they have all the.money.