Suncor Energy Inc. T.SU

Disconnect

[Obscure1]

The price of oil has moved up about 25% off its recent bottom. 

The price of SU shares has moved up about 10% off the recent bottom. 

This forum has been saying the price of oil will go back up to eighties which shows that posters here know what they are talking about as here we are.  

When oil prices dropped, SU shares dropped as well.  Now that oil prices have jumped back up to where posters here said they would, the price of SU shares have lagged behind. 

Will the price of SU shares pop up to the high forties in the near future or will the disconnect continue?

[Experienced]

When you compare the performance of SU from a short term low on June 23rd to that of other oil producers such as CNQ you will see that the others have also lagged the increase in oil prices as well though not as much as SU. To me this is not a surprsing result since the others are more pure oil (gas) plays as opposed to SU which derives a significant portion of its income from its vertical

[matt2018]

Seriously?..... you must not be invested in any Oil plays and/or not reading the many posts here. I have quoted many names of Oil companies trading at their 5+ year highs recently. Check the charts on pure play Oils like MEG & ATH for example. I have also mentioned pure play small caps like KEI, hitting it out of the park with excellent drill results. I have even compared a bunch to where they

[Experienced]

Matt...with all due respect, context is important here!! I was responding to Obscure's post regarding the recent rise in oil prices of about 25%.  In my very first paragraph I explicitly referred to most (emphasis on most..NOT ALL) that haven't seen a rise in their SP equivalent to the rise in oil prices.  I was also providing a counter to Obscure's point about SU in that it

[matt2018]

Also respectfully, I was alluding to the significant progress these Oil companies have made when you asked, "why are they trading at a discount". WTI peaked at over $120 bbl in June 2022, MEG was trading at $23.00 share at that time. MEG recently hit $25.00 share at $80.00 WTI. CNQ traded at $83.00 share back in June 2022, now back over $81.00 share at $80.00 WTI. What would these trade

[salamatovalena]

This post has been removed in accordance with Community Policy

[Clemxb7]

I agree that the recent move in oil should be reflected in a higher proportional price for Suncor stock. The move from hi 60s the low 80s goes mostly to suncors bottom line, minus taxes and royalties, because operational costs are set and covered at lower prices of WTI. That said I think the daily short term volatility of the stock price is what it is. I personally don't think if oil goes up

[Experienced]

Good analysis Clem... If we see a positive earnings surprise it is possible that we could see a pop in the SP. That said, in resoponse to your last point, some things to consider.... The "Grownups" on The Street at a macro level look at asset allocation.The first level is equities vs fixed income.  The next level in regards to equities is asset allocation within equities in

[lifeisgood1010]

After reading Clemxb7 post, i went to my spreadsheet to see if his oil avg. were close to mine. All figures are in CDN$ For Q1 i get a WTI of $102,84. For Q2 i get a WTI of $99.19 So i agree with him As for the 3-1-1 spread. For Q1 i get a WTI of $47.81 For Q2 i get a WTI of $43.61 As for the 2-1-1 spread. For Q1 i get a WTI of $51.31 For Q2 i get a WTI of $42.43 So yes, just luke all