SU is really just a big penny stock The SU retail investor doesn't stand a chance. OIl has backed off a bit, but is still up almost 4% and yet SU is down almost 1%.
SU traded 23.5mm shares at the close earlier this week. The buyers and sellers of those type of transactions (my guess is the transaction was options related) are in complete control of the SU share price.
There is absolutely nothing that retail shareholders can do or say to affect the share price in any way. As such, retail investors can make the right call and yet end up with egg on their faces because the share price has virtually nothing to do with the company. It gets even worse because it doens't even matter what the company does.
SU might as well be a penny stock.
It is not surprising that the pros continue to sell SU from their funds regardless of how the company performs. Fund managers want to own securities that they understand and can explain to their investors. SU doesn't meet that criteria.