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.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 lifeisgood1010on Aug 18, 2022 10:52am
294 Views
Post# 34904719

RE:RE:Crack spreads

RE:RE:Crack spreadsFully agree with you Clemxb7.As i write this post, the 3-2-1 spread is $45.05US or $58.20 CDN.

I have been traking this since 2007.My data base is huge and i can say with certainty that

SU is making more than 3 times the avg return on their refining units.

I think many short term traders got in prior to aug. 4th in expectation of a boost of the dividend.

Bloomberg had the analysts consensus of the dividend going to 52 cents.

I am sure many got in for a bump in the SP and since the hike did not occur and the stock did not

go up initialy they sold.

This selling is probably over for the most part.

SU will not trade at this ridiculous low valuation.With 1 1/2 month behind us at these juicy spread,

we will once again see a great Q3.

This stock will be in the 50's sooner than later.
<< Previous
Bullboard Posts
Next >>