Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks... see more

Add To Watchlist

TSX:SU - Post Discussion

Suncor Energy Inc > Deja vu 2020?

View:

Post by liljohnnyjoke on Aug 04, 2021 4:53pm

Deja vu 2020?

Last year virtually every oil co stock dropped 40-50% from August to October before seeing rebounds of 100-300%.
Does history ever repeat?
Is it better to sell now, at least oil stocks wise, and sit on the sidelines with cash? until the inevitable October bottoming out of markets? That has repeated many times over the years. Seems like an every year thing.
Even gold has no lustre.

232

Comment

Comment by Co2Harvest on Aug 04, 2021 5:56pm

That may depend on if you are a trader or an investor but for what it's worth, I plan to hold my position. In hindsight, I could have sold at $30 and then waited for SU to bottom and buy in again but if history does repeat, my missed opportunity won't matter that much. If you believe - as I do - that we are in a commodity bull market, it's easier to just sit back and ride the waves ...more

267

Comment