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.

TSX:SU - Post by User

Suncor Energy Inc > SU Holders - Some things to think about

<< Previous

Bullboard Posts

Next >>

Comment by NPCexeon Feb 24, 2022 8:37am

134 Views

Post# 34457159

RE:SU Holders - Some things to think about

I think you're 100% right.. I'm gonna pull some SU out. The volatility will be too much. Bloomberg is posting that Russians have launched an all out invasion. When the markets find out they've just hit the missile bases the US helped to create, the markets will be sorely disappointed they were lied to

Experienced wrote: Right now, WTI is up about 8% and the DOW futures are down over 800 points or about 2.5%. The markets in Germany and France are down about 5%.

We will see how this balances out fpr the SP of SU when the markets open, but the market percentages would suggest that the SP of SU will be higher at the open. Which way the market goes for the rest of the day is anybody's guess.

All that said, the jump in the WTI price IMO is an emotional reaction, There is nothing going on resulting from the Russian invasion of The Ukraine that will change the energy supply numbers in North America in the short run and if anything, higher prices will stimulate even more production. Unless there is some sort of change in the energy demand numbers in North America and IMO in the short run, there is no reason to suggest that that will change in the short run, the supply/demand balance would suggest that there is no fundamantal reason for the WTI price to go up in the short run. Any increase is purely an emotional reaction to the pundits' narrative and manipulative by the denizens of The Street. It is not backed by fundamentals.

If this situation does persist somehow then the inflation numbers will go up prompting a larger increase in interest rates next month at The Fed meeting and this will result in further declines in asset prices.

With all this in mind, IIMO people here who hold SU need to look at their financial situation in conjunction with their investment strategy and look at the possibility of taking profits on their SU holdings and buying back after the dust settles on the Ukrainian situation. This is especially true if the SP of SU pops at the opening this morning.

Comment/reactions are always welcome.