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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, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Bullboard Posts
Comment by barakon Feb 27, 2013 12:24am
233 Views
Post# 21046854

RE: RE: Loaded more at $30.80

RE: RE: Loaded more at $30.80

Gashole, Suncor is definitely a trading stock.  They have shown no interest in helping the shareholders.  Stock buybacks are useless.  They should have been raising the dividend.  They haven't.  But they won't go broke, so it is a great trading vehicle.

I am certainly not going to tell you what to do.  But if I was in your shoes, I would trade my way out of this stock.  Buy some if it gets close ot $30.  Buy some more if it goes below $30.  Then sell it when it gets up to $33 to $34.  Rinse and repeat.  You will make your money back faster than waiting for it to get to $50.  Don't forget though if you sell at a loss (because of your $50 initial buy), you can't buy back for another month.

Just a suggestion. It may not work.

Bullboard Posts