Post by
ashwanisharma on Feb 03, 2021 5:56pm
buy & Hold Suncor- pullback on the charts
i think all of u would agree with me that suncor has been downplayed by all the major funds and asset management companies- we all know who they are- its been 3 quarters for the company struggling with many challenges including pandemic, the fire, media, rclean energy and so on....
now question is almost every oil and gas company was facing the same problems more or less.
check out their prices now compared to when they were in march 2020.
suncor though has not moved because of all the media negative rumours.
i trust suncor a bounce back is a must and for various reasons:
current high Brent WCSand WTI price support.
company has already ventured into solar and wind energy- good transition there
500 million share repurc hase program in 2021- u don't repurchase ur copany shares until u have faith in your business
expecting to reduce debt between $500 million to 1 billion.
10% increase expected in upstream between 7,40,00 to 7,80,00 boe/d
these are just a few factors which put my faith in this candian oil giant..
its time to buy and hold....sit on it just this year and u will see the same media analysts changing their language in favor..
good luck!!!
Comment by
Mtklip on Feb 03, 2021 6:05pm
it's only a matter of time for Suncor to return to 40s or higher. Ride the wave on smaller stocks, cash in and jump to Suncor if it remains a laggard.
Comment by
ashwanisharma on Feb 03, 2021 9:33pm
results are better than expected....the short sellers and the so called negative speaking analysts just got played. Suncor Energy reports fourth quarter 2020 results (tmx.com) buy buy buy hold n sleep for 2021....the king is back!!! good luck!!!!