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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

Post by integrity11on Apr 12, 2022 11:54am
205 Views
Post# 34597179

$50 Soon, Shorters Trying to Get Out

$50 Soon, Shorters Trying to Get OutSU looks to be close to a very nice break out which hopefully will send a lot of shorters or at least not SU shareholders on this site into hibernation. This is depressing board for true SU shareholders who actually want to see the share price increase . The large number of shareholders IMO are desperately trying to buy shares to clear off their positions. Unfortunately for the shorters who have been very effective in working together to
lower the price, there are fewer shareholders willing to sell so the price gets driven up to get more sellers. Today only 3.5 million shares traded when normal daily trades total12 million. The same trend happened with Tourmaline before it's breakout to over $60. As we getting closer to Q1 I believe we will see huge volume of shorters disappearing as they know Q1 results are likely to be very good driving share price even higher.

For all you shorters on this board of which there are many I would say get out now as your pain will be increasing as we get closer to May 2. Maybe try Crypto as many of you are obviously big green supporters. May you all lose your shorts and good luck to all the true SU supporters. Obviously no one knows for sure but I think $50 is within reach. The pay down of debt will continue and a nice dividend increase very possible, Look at Tou and you will be encouraged by what could happen to SU.
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