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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Most energy stocks up, SU down
View:
Post by NPCexe on Feb 01, 2021 1:18pm

Most energy stocks up, SU down

how is this possible?! This q should be stellar, reflecting the increase in oil prices, yet the market is reacting as if the quarter will be abysmal. Something is not right here
Comment by Mtklip on Feb 01, 2021 1:21pm
big oil bad, eog was down too. Maybe the earnings will be disappointing.
Comment by NPCexe on Feb 01, 2021 1:30pm
That simply cannot happen, especially with the increase in oil prices. They better get their act together!
Comment by alwaysmoving on Feb 01, 2021 1:34pm
It'll turn around, just loose hands getting worried about this whole "reddit" bubble.  As soon as all these tech stocks start to drop, investors will turn their attention to trusted and proven commodities. Best to get in now, it'll be a one day swing back up to $25 when it happens.   
Comment by NPCexe on Feb 01, 2021 1:44pm
I sure hope you're right buddy. I'm gonna be sick to my stomach if I see $15 again hahah
Comment by Bigpond on Feb 01, 2021 4:16pm
Finally an end to this frustrating day when other oil producers are up 5 to 8%. Don't know what we are dealing with tomorrow. GLTA
Comment by Chris007 on Feb 01, 2021 1:30pm
The refinery side of the business is weighing down the stock at the moment, and probably will continue to do so, until the covid and mobility situation improves
Comment by firstworld on Feb 02, 2021 7:14am
BP just posted a USD 5.7 BN loss VS 2019 profit of 10BN. One would think as an international player with exposure to the 4-5 BN people NOT under facist lock downs they would be in the best possible position vs SU completely exposed to 1930s Germany ghetto lime lockdowns. I guess SU got a ton of welfare that funded the buybacks haha quote=NPCexe] how is this possible?! This q should be stellar ...more  
Comment by Bigpond on Feb 02, 2021 7:58am
Exxon just came out with better than expected earnings, oil prices are going through the roof and most other smaller oil entities are enjoying the run. There could never be any worst timing then this for SU for whatever is happening in the background. GLTA
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