Post by
Wynjoe on Mar 29, 2021 12:55pm
Two days ends first quarter..
Suncor reduced dividend on May 5,2020,when covid was running rampant,and nobody knew what was coming.Oil prices were tanking then,and quarantines were in thier infancy.A year later,things are the opposite,covid has a vaccine,trains,planes and automobiles see increasing usage every day,and oil prices are way higher then ever thought possible just a short year ago.Suncor will issue an updated earnings guidance sometime in the next month or so,and whether they use extra earnings to pay down debt,increase divy,or invest,going forward i cannot see anything but positives for Suncor.With Suncors takeover of Syncrudes operations,thus saving millions,and the prospect of trans mountain completion,i forsee a very bright future for Suncor.Its possible management may screw things up,but i dont see how,with this new streamlined cash machine.Come on Trudeau,throw them a bone also,would,nt that be great,im not holding my breadth on that though.SUNCOR EQUALS A STRONG BUY AND HOLD!!!
Comment by
Fishermen on Mar 29, 2021 2:10pm
People like to flip-flop trading SU stock . Its trading volume always being higher than its peers. People don't like to hold it long-term??????? And IMO back to 30 again while SU stuck nowhere.
Comment by
Tommy123 on Mar 29, 2021 10:40pm
This post has been removed in accordance with Community Policy
Comment by
OILSPECTATOR on Mar 29, 2021 10:52pm
...and SU selling $40-$50 WCS: the highest oil prices in over 1 year during the entire quarter. Gas prices moving higher. Inflation inflation inflation. Every dip bought up hungrily. I watched it by the minute for the last 90 days. Breaking $28.30 this week in my opinion to end strongly. Posted in my opinion only.