RE:How long should I wait True, SU has lagged it's peers.
Background oil fundamentals are strong. Supply, demand, inventories, etc. We talked about it in length here before.
Bears will say SU is trading low because there is no future for this company being all in on oil staring a transition in the face. Granted, future sources of bitumen have not yet been resolved.
Bulls will say SU has a great future as a vertically integrated producer, the retail and refining side making as much money as upstream. Debt is being paid down, while shares are being bought back, in the meantime we are being paid a 5.5% dividend. Future sources of bitumen 8 years from now will be resolved one way or another as there are several options.
On a technical basis SU is nearing the narrowing pointy end of a bull pennant, poised to have an imminent breakout, where by pure statistics alone for this pattern, stands a 58% chance of it being to the upside.
SU is still a great company with huge potential. I have done very well buying oil stocks that are laggards compared to their peers as the market moves and they catch up. For me, I'm at my full allowable TD margin for SU at the moment for the pennant breakout and have my seat on the train before the algo wave piles in.
SU on NYSE:
iMAnewBE wrote: For this Stock to catch up to its peers? The 5 year comparison is why I bought last year. I thought this thing might catch up but it never does. Has something structural changed with this company compared to its peers? I mean we are talking 100% discrepancy on average compared to the other oil sands producers. Someone enlighten me why I shouldn't just give up and move on?