Suncor Energy Inc T.SU

Another 12mm share cross at the close

[Marner16]

The price got pushed down as usual to facilitate the cross which represented 80% of the daily trade.

The pattern of late day crosses feels eerily similar to what happened with ENB for about 9 months. 

We are either seeing an accumulation, or a professionally orchestrated transition of share out of weak (funds selling to get away from anything oil) into strong hands (funds that are interested in superior returns and either don't care about the stigma of oil, or are placated by the fact that SU is making a concerted effort to become eco friendly - 1/3 reduction in GHG by 2030 and net zero by 2050). 

I know that some here feel that SU should be taking the attitude of F*** 'em like the Russians and the Saudis, but this is a different market.

[Oldnagger]

This whole dialogue concerning the petroleum industry and its role in combatting global warming has grown exponentially over time into hyper -idiocy. There is no road map whatsoever as to the best most efficient means to deal with the problem nor even to who will play what roles and who will fund them. There is not any semblance of a budget nor enumeration of the very substantial costs involved