RE:The Suncor oil price disconnect these days Good points Obscure1
I noticed some recent year end buying in both NCIB and insiders as well.
Always nice to see insiders buying ... almost $400,000 collectively in the past 2 weeks, plus the company taking down over 630,000 shares at year end ($20 Million)
All the right things are happening..... so hopefuly soon, this pimple will pop ...lol
https://www.canadianinsider.com/node/7?menu_tickersearch=SU+%7C+Suncor+Energy
Obscure1 wrote: The SU share prices always moves with the price of oil.
Today, oil was down, so SU was down nearly 1%
With WTI over $80, I believe SU should be going UP every day.
Until SU gets well into the $40's, every day is ON SALE day as long as the price of oil doesn't take a dive.
We will know when mgmt thinks the share price is fully valued because that is the day they will stop buying via the NCIB