Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc. > Oil up, Oil stocks down: Consider a pairs trade

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Comment by matt2018on Sep 22, 2023 3:13pm

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Post# 35649883

RE:RE:RE:Oil up, Oil stocks down: Consider a pairs trade

Why do people quote and follow this failure Powell anyways?
He was totally cluless when he was lowering rates while they were printing non-stop stimulus cheques and he's totally clueless now (same with the clowns running things here).
They kept those CERB payments going forever. They ran an election on it and won!
What do you think a new UAW deal will do to a price of a new vehicle?
Other labour groups are also going to demand more once thay see what theses guys get.
Wages are going up, costs are going up and selling prices are going to come down?
Ya, ok.

Torontojay wrote:
How about this trade.

Short the Nasdaq and S&P? Buy t-bills?

I believe the S&P will trade between 3000-3600 when people begin to lose their jobs and we are in the middle of the recession. Jerome Powell reiterated his belief that we have to experience some softness in the labour market. Much to my surprise, he also said that a "soft landing" is not his baseline expectation. Very interesting remarks coming from him.

I'm not buying into the argument of higher rates for longer. The economy is not productive enough to support such a long term view and I think the yield curve normalizes with the short end of the bond curve coming down and NOT the long end going up.

My 2 cents