Post by
Cheadle12 on Mar 07, 2021 11:55pm
This could break $30 tomorrow..
Suncor prints money at these commodity prices..
Cash flow machine. Printing Press.
Comment by
Chincer on Mar 08, 2021 6:53am
This is going to have a very hard time breaking 30 anytime soon. A huge amount of people bought the shares at 20 to sell at 30. Hopefully I am wrong but I'm surprised were still at 27 and change.
Comment by
OILSPECTATOR on Mar 08, 2021 10:06am
Testing June $28.82 high in SU will occur between March 5th - 12th in MY OPINION only..
Comment by
Bigbear7405 on Mar 08, 2021 11:18am
suncor bought alot of shares as buybacks at this price as well.
Comment by
Bigbear7405 on Mar 08, 2021 11:21am
Suncor bought a lot at this prices as share buybacks as well. With the price of fuel they may do more as tjey are.making a fair bit of money theses day.
Comment by
PabloLafortune on Mar 08, 2021 1:21pm
Great Chadle, I'm not as bold as you to predict share price but I note that they did generate $12B of cashflow in 2019, they have reduced over $1B in costs since, sustaining capex is under $4B, and while the debt is ~$15B, they could theoretically pay it back in less than 2 years under normal conditions - don't think too many E&P's can do that. Therefore, I am long Suncor.