RE:RE:RE:RE:Suncor 3rd Q numbers guessMarty imo we only need oil to stabilize at around $80 for Suncor to climb to $53. I dont have allegiance to any stock (except for maybe TOU in a taxable account) so will likely sell when it reaches $53, but buy back during weakness. I have done that frequently with CNQ this year.
I do believe SU will reach $60 with continued $80 plus oil price as SU continues to paydown debt, buyback shares and increase dividends (likely all 3 next week).
We definitely don't need plus $100 oil to reach $53. $80 oil will do just fine.