What was, what is and what will beSome investors are just starting to realize what was Suncor,
what is Suncor presently and what it will be(transformed by R. Kruger).
I said it before, the casm in valuation of Suncor vs it's peer is just to high.
The closing of this gap will mean that Suncor will outperform.
We are at new high not reach since 2018 and soon we will be at level of 2008.
Solid balance sheet,production growth couples with lower cost brought by this new management,
good yield (that will increase),long life reserve index....
This could be anecdotally but oil prices are on uptrend in summer when there
are olympics.I guess, all of the travelling and economic activity around this event
help oil prices.Will it occur again this summer?
Right now, the drilling in the US is still at a minimum.Yes these well are better in performance because of new technology but at one point if they don't start drilling more we will see a decline
in production.Many of these shale well have high depletion rates.
The DUC well are very low.This is all good news for the Canadian producers.
In any event, i am very confident that SU will keep on it's uptrend.
We will be getting another nice dividend(record date June 4th).
Keeping my prediction that SU will be a $60+ stock sooner than latter.
SU won't go up every day but the valuation gap will close and we will see higher price.
Staying long