RE:RE:14 Month Share Comp - SU, CVE & CNQExperienced, I appreciated your comments but in my opinion Su is currently very undervalued due to shorters and hedge funds which targeted SU more than most of the senior oil and gas companies. I believe Su share price should be greater than $50 based on their almost 0 decline production and huge downstream operations. I believe their cash flow was .78 in Q1, and there has been a fair bit of Maintenance/turnaround in Q2 so hard to say where it will be on Tuesday.
You and I have had similar positive experiences with Tou. Crew and Tou have been the best investments of my investment life, but like you I should have sold all about a year ago. I did the right thing buying and selling Cnq but failed to do the same with Tou this time. Oh well I think it is back to 80 in November.
I do feel Su will be back to $50 within a couple of months, but we will see. They are on less of a treadmill than most large oil producers are (other than other oil sands companies and maybe some Middle East companies).
All the best to all SU shareholders. May Tuesdays report be very positive.