Suncor Energy Inc. T.SU

We are having are cake and eating it

[lifeisgood1010]

CAD$ is at it's lowest level of 2024, AECO nat gas is also at it's lowest level.
Crack spreads in CDN$ are near $42 and WTI is also at it's high for the year.

Last time we saw WTI at these level in CDN$, it was in Oct. 2023 but at that time spread were
$13 lower.This is huge for Suncor's profitability

We are only 12 days in the new quarter but if price stay in this area,my back of the 
envelope calculations give me that Suncor will have an increase of about 70 cents to
it's EPS in Q2 vs Q1.

Yes, it's early in the quarter but things are trending in the right direction.

IF your an fund manager and want to beat your bench mark, you need to
be in the energy sector.

Underperformer will have no choice but to get in.

Staying long.

Nice weekend to all

[mrbb]

commodities are doing great and yet CAD is in the dump, at 0.7263 currently. The world has no confidence in canada while true dough is running canada.  Luckily commodity are selling at world prices in USD so that cushion alot if one has commodity holdings

[ztransforms173]

  mrbb - (4/12/2024 10:34:26 AM)   RE:We are having are cake and eating it   commodities are doing great and yet CAD is in the dump, at 0.7263 currently. The world has no confidence in canada while true dough is running canada.  Luckily commodity are selling at world prices in USD so that cushion alot if one has commodity holdings *** - ALL the

[Marty47]

If true dough well let be positive, when he's gone , Canada can become really wealthy sell their commodities to the world NG and others .... and we create a nice gdp , we will be able to afford housing and water to indigenous people , and help more the poor , but noooo lets everybody drive ev , give all our  money to stranger to build battery factory so other countries rip off Canada and

[Experienced]

Marty.... I also think he and his advisors need to take Econ100 once again.  His policies for example the billions planned/announced for housing will just increase the price of homes not reduce them.

[ztransforms173]

PP: - SELL the CBC BUILDINGS (out of the 6,000+ federal building for SALE in his HOUSING PLAN) and CONVERT the OFFICE TOWERS to RESIDENTIAL HOMES  ^^^ - TERMINATING the the ENTIRE STATE PROPAGANDA CBC NETWORKS (TV, radio, online) would be a FANTASTIC OUTCOME for Canadians z173

[Marty47]

He doesn't read his briefing memos on politic interferences ...... lmao what a clown we have I just can't believe it , too busy doing selfy and dress up or try to match his socks with his suits .... god help Canada 

[pooltec]

U forgot face painting!

[Experienced]

Marty...interesting that you mention this... "Back in the day"...a close friend of mine was senior Government official.  He commented at the time that Chretien never read his briefing notes either as Energy Minister or later as Prime Minister.  Conversely, Mulroney read his briefings and asked lots of questions before making a decision. The other thing he noted was that it

[Marty47]

Omg don't tell me that lol , we have a lot of McDonald's chicken nuggets managing our country , we need a change much faster than oct 2025 .... 

[Torontojay]

Like increasing the amortization for insured mortgages to 30 years. What an epic disaster this has become. 

[ztransforms173]

- they GOT RID of the 30 YEAR INSURED MORTGAGES in Canada to BRAKE the GROWTH of RUNAWAY DEBT - NOW, they are REPERMITTING IT to LOWER MONTHLY PAYMENT AMOUNTS to make OWNING a HOME MORE AFFORDABLE with RELATIVELY HIGH interest rates - three months ago, I TOLD a family member to LOCK IN 6.00 % FIXED mortgage for 7 YEARS as I DID NOT TRUST the BANK'S ADVICE to go for VARIABLE RATE and than

[Torontojay]

Btw, the new rule is for insurance mortgages only and if you're a first time home buyer purchasing a "new" build. Their goal is to enslave the young generation and to prep them for retirement after 70 years old. 

[ztransforms173]

- they WIILL also DOUBLE the TAX FREE TRANSFER from RRSP to FIRST HOME BUY to $ 60,000.00 from the PRESENT $ 30,000.00 z173

[wideopenthrottl]

do you know if they increased the time to pay it back as well?

[ztransforms173]

https://www.canada.ca/en/department-finance/news/2024/03/government-of-canada-to-release-budget-2024-on-april-16.html Government of Canada to release Budget 2024 on April 16, 2024 z173

[Experienced]

Jay...Good Point An example by the numbers... House costs $750,000  For 25 year amortization, assuming a constant rate of 5%, you would pay about $225,000 in interest before you paid off the house.  This compares to about $275,000 for 30 year amortization period.  So in effect, you are actually paying $50,000 more for the house if you take the 30 years to pay it off. Trudeau

[Torontojay]

Hi Experienced, your math is off. You mention a house cost of $750k but it's not clear what the loan to value ratio is. Anyway, if we assume a mortgage of $750k, a loan to value ratio of 80% ($187.5k down payment) a 25 year amortization, 5% constant rate,  Monthly payment is $4362.04. Over 25 years, you would have paid $1,308,612 for that house not including your down payment. $750k

[Experienced]

Jay...thanks...took the numbers from an article I read...

[Experienced]

Jay....yep If homes were truly unaffordable then there would be less buyers and the price would go down.  So spending taxpayer money to increase the number of people in the housing market just increases the price to clear the market. What is really needed is actually ways to reduce the cost of home construction and ironically, much of this has to do with municipal politics rather than

[mrbb]

the justice balance favored the tenants already and now true dough want to give more right to tenants. Federal government promising a 'renters' bill of rights' in upcoming budget | CBC News Just look at during covid lockdown, alot of  tenants don't pay rent and utilities at all and property owners can't even reclaim their property back to live or to sell. There is a huge

[Marty47]

I'm a close minded man with the liberals ,no matter what they do ..... I see black .....black face lol , with the liberals for me it's like the story of the little boy who joke that he's drowning in the pool and when one day he really does drown nobody save him .... well for me Trudeau he doesn't need to joke about drowning I never jump to help the first time lmao , everything he