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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Post by Clemxb7on Jan 24, 2022 12:28pm
208 Views
Post# 34353478

Could be worse - I could be holding BTC instead of SU

Could be worse - I could be holding BTC instead of SUSU and oil being taken down due to the knock on effect of margin calls fear etc.  Peleton and TSLA getting hammered so SU too? Yeah it doesn't make sense does it?

So lots of money coming out of the markets. Where can it go? Money markets or bonds paying a negative real rate? Doubt that is that attractive to investors looking for a return. 

I'm looking for a rotation to value and commodities this year. To owning "real" things. Energy is one of the most valuable and tangible things out there and the sector is undervalued.

I can't help but think SU will look mighty attractive to anyone looking to place money. 

I think the above is good thinking. I mean people bought BTC at over $60K and most of those people couldn’t explain how a block chain works. BTC doesn’t not print money like SU does. I think people will figure this out in 2022..

Little stated the dividend is safe above $50 WTI so there will be a floor to the stock price at some point. Here we are at $80+  so SU is indeed printing money. That makes me feel ok even on a down day because printing money is good. 

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