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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 > Something to think about
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Comment by Clemxb7on Apr 29, 2022 10:10am
259 Views
Post# 34642044

RE:Something to think about

RE:Something to think aboutInteresting chart.

RSI will remain in overbought territory in a strong bull (similar to the early 2000s). Could be an indicator of strong prices ahead. However it very often indicates a short or long term high.

Do triple tops hold? Yes sometimes otherwise sometimes not. If Suncor takes out $50 with conviction higher prices might come quick. 

Now to mix fundamentals with charting: with oil firmly over $100 I don't see a catalyst for a hard sell on Suncor right now though the markets will surprise you. Still as long as oil remains high Suncor should do well is my thinking.

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