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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > Good time to get in?
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Post by thegreattimario on Oct 16, 2020 4:53pm

Good time to get in?

I think now is the time to load up. With the dividend cut and labour cuts i think they will be in a good position ti ride this out. The market is acting like oil is finished when in fact it still has a solid 20 years ahead. Next year i believe demand will be insane as people are gonna travel like there's no tomorrow.
Comment by Tommy123 on Oct 16, 2020 7:40pm
This post has been removed in accordance with Community Policy
Comment by Chris007 on Oct 16, 2020 9:32pm
Well, the international airline lobby group, the International Air Transport Association (IATA), are not expecting international air travel to return to 2019 levels until 2024, as their base case scenario. https://www.iata.org/en/pressroom/pr/2020-07-28-02/
Comment by Tommy123 on Oct 16, 2020 10:17pm
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Comment by Fishermen on Oct 17, 2020 1:23am
Maybe world war 3 will start, then SU stock will soar to the skyline??? Joking. Just hope this pandemic will end soon, otherwise we will be in deep trouble. Money has no value, but peace and health mean everything.
Comment by Tommy123 on Oct 17, 2020 2:40pm
This post has been removed in accordance with Community Policy
Comment by shareswapper on Oct 19, 2020 1:48pm
Great time to get in, with the election in November concluded and uncertainty around that eliminated along with the first Vaccine approvals coming in the US in late November there is going to be a Ton of optimism.  Everyone will be setting Travel plans for Spring, driving more, hiring more etc.  Essentially a mini boom to signal the end of the scourge.  Oil demand will sure and many ...more  
Comment by Plus50 on Oct 19, 2020 2:21pm
I tend to agree especially if the right person is elected. I know we had travel plans for this summer that got cancelled to Europe. We are looking to next year now if possible. We know of many people who are thinking the same after being cooped up for months. People just want get out and travel. It could turn into a mini boom for all economies.  JMHO
Comment by shareswapper on Oct 20, 2020 1:18am
Plus50, I'm gonna book a same day round trip just so I can say I was on a plane again.  It's gonna be Planes, Trains and Automobiles as soon as the Vaccine is released..... Just keep loading down here if you plan to make a bundle in 2021 ....
Comment by Wynjoe on Oct 20, 2020 7:26am
Maybe covid 19 will be like the common cold,and it will just be something we will have to learn to live with.Granny,of beverly hillbilly fame,had the cure for the common cold,(remember how that worked out?).Some will live,some will die,some will be sicker then others,just the way its going to be,i.m.o.
Comment by PastStocks on Oct 20, 2020 7:29am
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Comment by 1condor on Oct 19, 2020 2:57pm
shareswapper...you are way ahead of yourself. Sure the election may be a wrap I will give that too you. However the virus (and vaccine) is an unknown. Even with a vaccine it wont mean a return to normal overnight. I sure hope 2021 is better...but I suspect it will still be slow grind. As far as SU...I don't own the stock but will take an initial position on anything below 14.50.
Comment by Tommy123 on Oct 19, 2020 4:03pm
This post has been removed in accordance with Community Policy
Comment by shareswapper on Oct 20, 2020 1:24am
1condor, the Vaccine is a gimme, it's not a matter of if but when.  There are over 80 Academic groups working world wide on a vaccine.  The Chinese have already distributed almost 400,000 doses to Foreign Students. Health Care Professionals and those at risk.  The same goes with Russia who are innoculating their Military.  Making a Vaccine is a slam dunk, the World has ...more  
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