Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Bullboard Posts
Comment by Canoutchieon Nov 07, 2013 6:06pm
189 Views
Post# 21886701

RE:Share Price

RE:Share Price
@ Garth, fundamentally you're right, however markets sold off, with many oil stocks leading the way, because of US GDP growth numbers.... which US investors think will cause the Fed to taper (obviously causing a stock market crash of monumental proportions).

Thing is, if the economy truly is growing, then oil consumption will be going up, and since Suncor can get product to market, SU-T will benefit.

Stupid investors will realize this eventually - but right now, the herd mentality says "sell"; and since this is currently a seasonally weak period for oil stocks, and along with the morbid fear that some investors have regarding the winding down of US economic stimulus, momo players seem to be pushing the stock price down in sympathy.

You can use this weakness as a buying opportunity, or just learn to ignore the up and down waves of investor's shizophrenic and reactionary buying and selling based on the latest fears of what the Fed will or will not do.

Longer term, Suncor looks good, but who knows what effect the short term traders will have.

Good luck to you!
Bullboard Posts