RE:RE:RE:RE:Suncor 3rd Q numbers guess Marty (not sure where Matt came from), I think your numbers look very reasonable. For your information I posted on around August 8 approximately 1 week before Q2 results were to be released that I had purchased more SU shares at I believe $41.25. Experience responded to my post saying the only way SU share price would increase would be with a dividend increase.
Well here we are 3 months later less than a week before Q3 numbers are to be released at a share price of $47. So in 3 months we have had a >$5 per share gain or approximately 12.5%. Not as much as CNQ but still a decent return.
if we have the same 12.5% increase from release of Q3 results to release of Q4 results the share price would be ~$53. With the same increase in the first 3 months of 2024 the share price would be approximately $59 or a 25% increase from todays price (not sure where the 50% increase comes from).
Experience (one of thebattery boys) is not a holder of oil stocks so will frequently have negative responses to posters who support the Oil/oilsands producers.
Thank you for your Suncor related post. Unless oil prices fall considerably over the next quarter I believe $50 will be the minimum prior to year end and likely higher.