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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

Comment by Experiencedon Jan 24, 2022 4:39pm
159 Views
Post# 34355182

RE:RE:RE:RE:RE:Interesting Energy Market

RE:RE:RE:RE:RE:Interesting Energy Market
topdown99 wrote: The "grownups"  , thanks for imparting that nugget of wisdom experienced . Your observations are only eclipsed by your arrogance . My trade ended up working fine , banks can't react fast enough to stop low hanging fruit from being first come , first served . Have a wonderful evening .
Experienced wrote:
topdown99 wrote: Today makes no sense at all , selling seems to be running out of gas . The usual lunch time pressure is expected but I figure to back the truck up at 12:15-12:20 . Results in a week and shorts will need to cover . 
My sense is that the "Grownups" have been punping the market so they can sell and ae now taking the market down to reload.  The question is how low do they plan to take it before they buy back and start pumpin gthe market again with words like "the market over reacted to the Ukraine situation"...or...:the Ukraine situation will not affect profits of US companies".  Another key indicator will be around 2PM, that's when the Fed Open Market Committee places its orders with its brokers.  This gives the big advance notice to the big banks of what do as they "front run" their buys or sells for the Fed.  This is why one often sees a big change in the market for the last two hours of trading.  I usually take this as a cue as to what to do (if anything).  Better to follow the big boys than fight them and get killed..lol
 


The "Grownups" is an expression used on The Street for the big money people and principal of the major brokerage houses and my use of it was not intended to be arrogant in any way nor was I suggesting that was better than anyone else here and that is why I put the word in quotes.  We are all here to share our experiences and knowledge and that is all I am doing.

In any event, good call on your buys, I had put a few stink bids in this morning before I got on with my day and got them filled.

You will notice that the market reacted after 2PM today after the Fed open market committe placed their orders.

As for the banks that act as brokers for the Fed, they do very well my friend.  As an example in the meltdown in 2007/08, JPM, GS  had perhaps one or two trading days were they lost money.  I doubt that many individual investors, yourself excluded, were that successful.  I certainly wasn't.

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