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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

Comment by Experiencedon Aug 09, 2022 8:10am
266 Views
Post# 34880917

RE:Holding

RE:HoldingGenerally agree with your assessment about the company's value.

That said, I am not as confident that it will actually be realized and if it does it might take a while with a recession getting in the way.

I decided to keep my underweight position but any additional shares would be viewed as trading shares.  To that end, last week I put in a stink bid at 38 before I headed out for my bike ride and saw that I got some shares filled when I got back in the afternoon.  I sold those shares near the close for 39.10.

If I see another heavy volume downdraft I will likely play the same game until things become clearer of where the valuation is going.  For sure though if the recession takes hold and drags everything down a lot I will move to a longer term full market weight.
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