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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. > Over-bought
View:
Post by BSdetector2016 on Aug 18, 2023 12:45pm

Over-bought

We all know what happens next...
Comment by integrity11 on Aug 18, 2023 1:05pm
Appears you do not folllow SU and more focused on mines, so not sure how you would know SU is overbought.  I think what is more likely is the market is realizing SU is under valued and share price is catching up to where it should be. If oil price can stabilize over $80, SU share price should continue to do well imo.  
Comment by BSdetector2016 on Aug 18, 2023 2:50pm
RSI is too high; shorts are covering and, after that, it will nose down for a while. Nothing goes straight up.
Comment by lifeisgood1010 on Aug 18, 2023 3:16pm
I always find it so funny to see small investors(posters)blame the shorts. When a stock goes down:It's the shorts When a stock goes up: It's the shorts covering This data(short) is only available on a monthly basis for most investors. I will never have the tools to say if there is short pressure or not but what i do know is that Suncor results were very good and for those who ...more  
Comment by matt2018 on Aug 18, 2023 3:38pm
Agreed lifeisgood ..... the solid earnings report big part of this surge as many were unloading their shares in the weeks leading up to the report, concerned about what could be in there. It's not only SU, CVE is up a couple of bucks since their report, IMO was $68 day before theirs, it hit $76 today.  Of course there is going to be profit taking but hopefully consolidating at new level ...more  
Comment by MigraineCall on Aug 20, 2023 12:02am
Daily shorts: https://nakedshortreport.com/company/SU/
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