Post by
MigraineCall on Aug 09, 2021 5:39pm
Beaten down and left for dead. Time to buy
There are so many reasons not to buy this stock now, a list as long as your arm. In fact, I do not recall the negative sentiment being worse. The price has been pounded down to the floor, and many funds continue to divest themselves of all oilsand investments.
Management clearly has their work cut out for them over the next while to regroup, refocus, rebrand, announce dividend increases, get green, and do the positive things that convince the market of its value. It doesn't take much of an announcment to do that, and could come after any quarterly earnings report. This company is not going to roll over, die, and go away. It has fantastic potential for a turnaround, and due to that, I think at it's current price, it presents an excellent opportunity to get in before the ship sails as they make the necessary changes.
For me, I have recently added many thousands of cheap SU calls now for 2022 to my core position, as the risk reward potential even for options seems too good to pass up at these levels, and at these low oil prices. I do expect it to languish, bouncing on the bottom for a while yet before it turns, as you can never pick the exact bottom.
However, Buffett says buy when there is blood in the streets, and one certainly has to wear rubber boots these days to walk on Suncor Street.
Comment by
Joe455 on Aug 09, 2021 5:47pm
We are living in an ESG world right now.
Comment by
Tommy123 on Aug 09, 2021 7:45pm
This post has been removed in accordance with Community Policy
Comment by
goliath06 on Aug 10, 2021 5:05pm
my suggestion to you is why don't you MRO and leave US the fock alone..thank you very much........
Comment by
goliath06 on Aug 10, 2021 5:07pm
why don't you ////////// BUY/////// MRO AND LEAVE