Suncor Energy Inc T.SU

Interesting Energy Market

[Experienced]

On the heels of a possible invasion of The Ukraine by the Russians, oil is down and natural gas prices are up a lot.

The German and French stock markets are down about 3% this morning.

In a nutshell, these reactions illustrate the true situation.  The West really can't do much to Russia if the Russians do invade all or part of The Ukraine and the Russians can hold Europe hostage due to their stanglehold on the European natural gas market.

[Obscure1]

Yup, the US is basically impotent today. There was a day, not so long ago, when the US ruled with an iron fist cloaked in silk.  Today, all that is left is silk as the warships and aircraft can be controlled with a keystroke. The only lever the US has left in its arsenal is the control of clearing.  How long is that going to last in the face of blockchain? The only real question is

[jx7000]

In a nutshell, these reactions illustrate the unreliability of the communists and the need for energy and food self-sufficiency. Wait 'til the Keystone XL cancellation hits the fan (Nov. mid-term US elections?).

[topdown99]

Today makes no sense at all , selling seems to be running out of gas . The usual lunch time pressure is expected but I figure to back the truck up at 12:15-12:20 . Results in a week and shorts will need to cover . 

[Experienced]

My sense is that the "Grownups" have been punping the market so they can sell and ae now taking the market down to reload.  The question is how low do they plan to take it before they buy back and start pumpin gthe market again with words like "the market over reacted to the Ukraine situation"...or...:the Ukraine situation will not affect profits of US companies"

[MigraineCall]

That and margin requirements tightened mid day, causing many traders to liquidate, then the algos got a hold of it and made it worse. Then it reversed, and accellerated back again with the algo tailwind. Energy is STILL green for the year, the other sectors red. Crazy day though!

[topdown99]

The "grownups"  , thanks for imparting that nugget of wisdom experienced . Your observations are only eclipsed by your arrogance . My trade ended up working fine , banks can't react fast enough to stop low hanging fruit from being first come , first served . Have a wonderful evening .

[Experienced]

The "Grownups" is an expression used on The Street for the big money people and principal of the major brokerage houses and my use of it was not intended to be arrogant in any way nor was I suggesting that was better than anyone else here and that is why I put the word in quotes.  We are all here to share our experiences and knowledge and that is all I am doing. In any event, good

[stever50]

Where is this heading in the next month?

[topdown99]

Actually 2007/2008 taught me some very hard learned lessons . I have paid a lot of attention to the patterns here (as its all algo) and on a capitulation type down day , approx 12:20 will be the low of the day which I was refering to in my earlier posts . I made 4 digits on the trade , in and out clean which is neither here nor there . I am sorry for being defensive in my translation of your post

[angelnicky]

ceo shouod step down , it will be good news for the stock

[Experienced]

Generally, when I see posts such as yours on various Boards, my thought is that the poster is somewhat simply minded and inexperienced. In this case, I find myself agreeing with your sentiment.  Little is not an "oil man".  His approach is more a combination of CYA and financial engineering as opposed to really looking at what it will take to set the stage for future growth of

[bigbear4511]

You can whine all your want he won't step down.  Not when they are making 50$ profit a barrel.

[Experienced]

Agree that it is unlikely that he would step down.  In the case of ALA, the incompetence of management was very evident and the company was in trouble. This is not the case with SU.  That said, the downside is that, without a change, the market will not likely give SU the valuation that it deserves and shareholders will suffer as a result.

[bigbear4511]

I really feel its going to recover.   Just give it time.  It so close to 40$ and i think it will hit 45$.  The thing about being profitable, quarter after quarter, is that it will pull investors to it because you just can't pass it up. It so undervalued.  When covid is gone and the flying comes back not to mention travelling (motorhomes) etc. this stock will have even

[Experienced]

No problem my friend...no offense taken...just needed to clear the air. In terms of your comment, very true.  As I mentioned before in earlier posts, when somebody figures out the market - they will change the locks. All that said, we are on a similar wavelength.  I sold some things on Friday morning, and bought some different things this morning.  As per my earlier posts, there