Suncor Energy Inc. T.SU

The Caisse and other institutions continue to bail

[Obscure1]

SU continued to swallow up a good chunk of the selling via its NCIB.

The Caisse sold just under 12 million shares to hold 3.8 million at the end of March.  I expect they are out now. 

Three American funds (Dox 13mm, Artisan 9mm, and FIL 7mm) collectively sold another 29mm

Institutional holdings dropped by 36 million shares during Q1

ACTIVE POSITIONS	HOLDERS	SHARES
Increased Positions	275	89,309,036
Decreased Positions	226	125,589,960

The 13F filings have to be submitted within 45 days of the end of each quarter are always interesting.  You can take a look here: 

https://www.nasdaq.com/market-activity/stocks/su/institutional-holdings

[RagingBull3]

Blowhard Obscure1....  No Thank You, No Sorry from you.... you're a real idiot.     LOL, I bet that attitube costing you $$$$ on your SHOP Shares......  A idiot like you would probably hold even though you're "professional opinion" was TOTALLY WAAAAAAAY OFF on SHOP.  You go out of your way as a blowhard saying how your a professional and you do all

[jx7000]

Are they bailing because of this ESG nonsense?

[Obscure1]

Yes. "Caisse de dpt et placement du Qubec says it will divest all of its oil investments by next year as part of the pension plan's plan to help combat climate change by cutting its carbon footprint in half by 2030. The province's public pension fund unveiled its climate change strategy on Tuesday.Sept 28, 2021" A number of American funds also indicated last year that

[NPCexe]

Hahahah I love it, first they spend a billion on bailing out Bombardier, and now they lose money by ditching suncor. Poetic justice

[divestor]

Actually, I think that they did very well with their investment in Bombardier. They took them to the cleaners IMO. Minimum 15% compounded annual return I believe. I think they screwed them very well!

[NPCexe]

Not sure how that's possible given their stock went under a dollar, as well as the fact that they own 2.5 billion of Alstom when it was trading at 44 a share and it's now 23 lol

[NPCexe]

https://www.journaldemontreal.com/2021/10/06/bombardier-porte-malheur-a-la-caisse<>

[NPCexe]

https://www.journaldemontreal.com/2021/10/06/bombardier-porte-malheur-a-la-caisse<>

[Vlosun]

You want to have good results, look at the CDPQ and do the opposite.

[Experienced]

I find all this very interesting. Back in the day before I retired when I was still in the investment business, I recall being part of a meeting with the manager of one of the so-called Ethical Funds.  This class of funds pitched the concept that they would only invest in companies that were socially responsible and hence they didn't invest in such things as tobacco companies. Prior to

[Chad123]

[newtonboy]

Experience: You have just simply defined what Elliott is trying to accomplish witg their 3% holdings of SU.  

[RagingBull3]

That's probably just BS, Experienced.   MONEY is the reason fund managers invest where they do.    When I say Money, that does not necessarily mean money for the fund, it could also mean money for themselves maybe or "perks".   It's rare for SHAREHOLDERS to "control" what company CEOs do.   Even to vote, shareholders can only

[Vlosun]

I'm not proud of my CDPQ...They are stupids. I bought a lot of suncor share in sept 2020 and holding tight.