It's a big club and you ain't in itSU is in play. I'm not in the big club so I don't know what the play is, but SU is definitely in play.
The large end of day MOC and LOC trades tell us that something is going on.
After watching the same thing for about 9 months at ENB, I see the same patterns now with SU as I have mentioned before.
My guess is that SU is undergoing the transition of ownership from institutions that want or need to get away from dirty oil to institutions that don't have to answer to Engine #1 type activists.
SU is part of the group that is taking advantage of the exodus from oil to pick up low cost shares. When will that end? I dunno.
Perhpas when SU fulfills the current NCIB. Will SU obtain another NCIB? I dunno that one either.
There is no other possible explanation for why the share price is under $30 or even $40 for that matter given the obscene amount of money the company is making these days.
What to do? Buy the dips when you can afford it because the sale will end at some point.