Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 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

Post by Obscure1on Mar 02, 2022 11:53pm
244 Views
Post# 34477750

76 million shares short against SU

76 million shares short against SUSU can buy up to 25% of the average daily volume under its issuer bid.  That means SU should be able to buy about 2.5 million shares per day as opposed to the 350,000 or so that they have been buying.

SU can also buy up to 2% of the float or about 28 million shares in a month.

There were 76 million SU shares shorted at the end of February.

Maybe it's time for SU to get more aggressive with its share buyback plan while the pros are deliberately suppressing the share price.  Of course SU wants to take advantage of the artificially low share price for its buyback program, but it has to be embarassing for the company to know that SU's SHORT position is almost double the value of the second most shorted company (RBC) on the TSX as per: https://shortdata.ca/largest-short-positions

<< Previous
Bullboard Posts
Next >>