Suncor Energy Inc. T.SU

Why hasn’t it rallied already

[exprohibition18]

What's the sell wall holding it back ? 

is it dealers or is it big holders turning into each uptick ? 

feels very undervalued relative to peers but this isn't a new phenomenon at this stage and I'm wondering whether it is a negative indication that so much bullish development has failed to elicit a proper positive response . 

what happens if market takes a breather now with 10 yr going ballistic ?

[Chris007]

It could be that the rapid uptick in the 10 year is giving equity investors pause. That being said, commodity prices across the board remain strong. The underperformance of SU vs peers could be very the fact that it pissed off alot of investors with that deep dividend cut after reporting q1 2020 (even though that might very well have been the responsible/prudent move at the time). Most of the

[Mtklip]

the divvy cut is going to help by reducing share count and debt and stronger opportunity for reinvestment in ESG. Suncor has enough oil, they can improve their image and balance sheet. Have patience.

[Chris007]

lol...no one is arguing that the divy cut was a prudent move. However, there seems to be a lot of anxiety on this board regarding SU's underperformance vs. peers. Its worth exploring possible reasons for said underperformance. I definitely believe that at current oil prices, the stock is undervalued. That being said, the real question is, for how long will it stay undervalued? There very much

[Chris007]

[Mtklip]

it's nice when stocks rally at different speeds, you can take profits elsewhere and move to suncor. At least with Suncor, you're not that exposed to low oil prices.

[Chris007]

SU is definitely the "safe bet" for Canadian energy, as well as the name generalists tend to own if they own energy at all.

[NPCexe]

I personally chose SU because BTE or OVV were extremely risky bets.. yet those stocks went up 30-40% since end of jan. Chris is right, if you go heavy on a solid company and you see smaller chumps outrun you, you tend to wonder whether you should sell. To not see this as a valid point is to be too attached to a stock and this is how people potentially hold the bag for years. I don't think it

[ManitobaCanuck]

Thinking of deploying some profits here from your recent win at Athabasca Oil ? Lol

[Chris007]

No, I've been in and out of this stock several times since the covid crash...can't say i've done that well on it, other than the initial pop, getting in late march 2020 and riding it up to almost $30 in June, which  was nice...however, its been lagging since. Other times, i tried buying in have been pretty lacklustre. this time around, my cost base is around $20...however, its

[OILSPECTATOR]

The triangular symmetry in the SU chart shows an obvious continuation pattern that is setting up for a $24+ stock price close tomorrow in my opinion.  Rumours of $65-$70 BOE on the horizon... View https://schrts.co/XkkQfwDR

[Tommy123]

This post has been removed in accordance with Community Policy

[NPCexe]

Yeah if you can predict the future, anything is possible. Hell, you'd be better off in tsla or bitcoin