Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc > Predicting closing prices on Option Expiration Days

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Comment by mrbbon Feb 13, 2022 9:08pm

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Post# 34425132

RE:RE:RE:RE:RE:RE:Predicting closing prices on Option Expiration Days

practically everything is manipulated and the house wins 99% of time

Experienced wrote:

mrbb wrote:
the world arena is now a war casino, people have bets on both side for the war and potential russia pull out. It sure make sports betting look rather small in scale. Stock market and foreign exchange are the biggest casino.

quesea wrote:

HF,
Just checking out Options @ Exxon, Chevron, etc ...
$120 oil, doubling again of their share prices.

There just might be a lot of Max Pain : Bankruptcies !!
ya gotta wonder how many of those BIG SOB's are pleading with V. Poopin not to invade ?
And how many are hoping & hopping he does !!
Maybe like the Texas Governor, whose gotta be a secret Biden/Putin fan.

kc

Your comments are correct.

The sad thing is that all of this is manipulation by The Street. The first salvo is what we saw WRT oil prices on Friday. What is going is nothing short of mathematical game theory. Migraine IMHO was wise to take some profits on half of his options positions.

The reality of whether Russia invades or not is the following...

1....on the energy front, an invasion by Russia will have zero effect on whether OPEC produces the same amount of oil as before. The threatened sanctions on Russia concerning Nordstream 2 will have no material effect on the energy balance since Nordstream 2 is not shipping any gas to Europe as we speak.

2....an invasion of The Ukraine by Russia will have zero effect on the profits of American and Canadian companies and a limited extent to European companies and so it will have a small effect their bottom lines and hence their SPs

3....The Street will foster this hysteria while their trading floors are going the other way and will make money. There is no doubt based on my experience of working in the industry that the big plsyers sold before they took the market down on Firday. Smart investors realize this and take their lead by going contrarian and taking their cue from the pros. In this vein, I increased my cash position on Friday morning to take advantage of SPs on sale if The Street is successful in their strategy. if they are not sucessful then if will take my lumps with them.