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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

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Post by Returns2021 on Mar 14, 2022 3:45pm

Sold

I am out of Suncor as of today.  It has been great to me......major market correction is in the works with a prolonged recession on the horizon
Comment by Karl63 on Mar 14, 2022 4:25pm
I usually count on fundamental and technical analysis to plan my moves, but I sold 1/2 my position last week at $41 and change when I saw this discussion and the heading "Suncor is ready to pop . . . buy now!".  That kind of enthusiasm is always a sell signal to me. But I'll hold onto the other 1/2 position, if only for the reason that I don't have a lot of confidence in ...more  
Comment by MigraineCall on Mar 14, 2022 4:32pm
Everyone has to know their limits, and stay within what is comfortable for them. If an investment causes you to lose sleep, or has too much risk, it is not for you. I am not confident of anything else other than oil on the markets, due to economic headwinds, inflation, debt, and a recession. Suncor trading showed it was one of the strongest of most oils today. The valuations are still too low, by ...more  
Comment by Experienced on Mar 14, 2022 7:44pm
Agreed Often said exactly the same thing to clients when I was in the business. The other thing to consider in the equation is whether you need to take the risk at all.  If you have met your investment objectives then the question is "Why bother to take more risks and screw things up?" I often said to my clients..."My job is help you get as money as need in the safest lowest ...more  
Comment by thegreattimario on Mar 14, 2022 7:49pm
Should of done that last monday.lol
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