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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

Post by marketsenseon Oct 11, 2022 7:36pm
956 Views
Post# 35018452

Missed

MissedAfter a number of posts giving my opinion,  I put in a sell order for all of my position
in my last oil stock last night.  I had to do it near to the previous days close as I was 
scheduled for eye surgery( perfect timing). on the Tuesday.   So what happens is the 
oil market gets whacked and my oil stock gaps down and I miss out on the sell
completely.  By the time I can see again,  it was all over.  Between the holiday on
Monday in Canada and my eye surgery on Tuesday,  the timing couldn't have
been worse if i sabatoged myself deliberately.

The good news is I'm still up if I sell tomorrow but sometimes karma is a b itch. I've
been waiting for weeks for something to break to the upside in the oil market and
just when it decides to happen I'm out of commission for one bloody day and that
one was the most critical of all for the timing of a sell.

So what lesson can I take from this.  I suppose the only one that makes sense is
knowing the oil market is super volatile,  I should have made it a market order instead
of a limit order or a stop loss.  Thats life sometimes.  Live and keep learning.

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