Suncor Energy Inc T.SU

The Suncor oil price disconnect these days

[Obscure1]

The SU share prices always moves with the price of oil.

Today, oil was down, so SU was down nearly 1%

With WTI over $80, I believe SU should be going UP every day.

Until SU gets well into the $40's, every day is ON SALE day as long as the price of oil doesn't take a dive. 

We will know when mgmt thinks the share price is fully valued because that is the day they will stop buying via the NCIB

[w8asec]

Good points Obscure1 I noticed some recent year end buying in both NCIB and insiders as well. Always nice to see insiders buying ... almost $400,000 collectively in the past 2 weeks, plus the company taking down over 630,000 shares at year end ($20 Million) All the right things are happening..... so hopefuly soon, this pimple will pop ...lol https://www.canadianinsider.com/node/7?menu

[NPCexe]

It's also about stock manipulation. CNQ was green every day so far, so it goes to show how they only target certain companies

[Chad123]

Could be worse. how about those that are in ARK Innovation ETF (ARKK:UN).

[ilvmyt5s]

Suncor is the ESG whipping boy...

[mrbb]

  I still think institutions still have SU to lighten up or unload as they jumped onto ESG bandwagon.   

[topdown99]

I was looking to sell some exposure coming into the weekend but I am more worried about the political tensions (ie:Russia/Ukraine) . Any confrontation could shoot oil up over $100/b which would send share prices gapping up before a position could be re-established . I think holding is the smarter play at present , thoughts ?