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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 and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. The Company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by Torontojayon Apr 18, 2024 12:29pm
101 Views
Post# 35996169

RE:Timing the market

RE:Timing the market

One should treat stock ownership like home ownership. We don't sell out home every 6 months. Also, there are valuables found in people's home such as art work or furniture that may have appreciated in value through generations.  We never think twice about selling an expensive item in our home but over time these pieces can appreciate in value. The problem with stocks is that we see the price change on a daily basis and we can get tempted to sell too soon. We never think twice about selling a piece of art from the 1800's because there isn't a price tag on it that we can see everyday. We ignore it, enjoy that we have it and ultimately benefit from the value increasing over time. If the company is doing all the right things you should never sell! I may from time to time take some profits off the table. For instance, if the stock has doubled, I may remove my original position and play with free house money. Otherwise, I almost never sell. 

 

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