RE:RE:RE:RE:Short Position I actually have to agree that Suncor on the surface looks like a very good buy for this year. I hold whitecap predominately and have 2 other oil names.
I don't own Suncor but I am going to do a little dif further to make sure I am right about a couple of things first.
Such as what is there stock count or shares outstanding and what is there average price the last 5 years. I say this and why I agree with you is if I am not mistaken they did some large large purchases a number of year's ago but since then they haven't done to much of substance.
So my memory tells me they have been as high as 70 dollars with simular metrics and as low as covid low like all others. They cut there divvy. They brought it back.
As we all know Eric Nutall sold whitecap after pumping whitecap but on the same interview he mentions Suncor as a stock that really with any good news will move up and with how far it's depressesed in value ams beaten up over the last couple of yesrs bad news doesn't move the needle the same.
Anyway this is whitecaps board and I think you will do just as good with whitecap , as you will with Suncor as far as potenrial , but Suncor to me seems more likely to get big money movements do to it's fully integrated company profile and because it's got that BCE or Close to Enbridge type dividend. I am nobody and just some guy typing away here with throughts. It just seems to me that Suncor is very similar to whitecap in that it should be at 40 to 50 dollars like whitecap should be 10 to 11.
All this being said with oil around 75 bucks.
Just a opinion. !!
Happy holidays from the frozen west coast. !!
Craig