Suncor Energy Inc T.SU

Analysts Wood Cut Suncor Price

[angelnicky]

Wood says "While that might not be enough to win back the enthusiasm of analysts like Wood and investors who share his views – Suncor “worked hard to give up its once premium valuation and it will take years to earn that back,” Wood said"

CEO has a long way to go to correct his mistakes and build up confid from investors as alot of them got burnt.

[Tommy123]

This post has been removed in accordance with Community Policy

[mbuch]

Cut to what? I'm sure still above the current price.

[topdown99]

WTI is $92.50 , Wood's comments are irrelevant . This is a Wall/Bay St pressure play , I find it hard to believe that this all comes down to a personality thing but it seems to be the only possibility .

[mbuch]

Most hated energy stock out there bar none it seems. I'm considereing just taking the gains I have and getting out. You could invest in anything else and make money going forward with WTI over $70 it seems, but SU is such a wild card.

[meritmat]

Love it more cheap shares when drip comes.   Be nice if they stop killing people on site 

[angelnicky]

this is the start of the downgrades with many more to come in the short term future oil price tgoo high now, demand will start to shrink and oil price will drop, only time inflation costs, high interest rates all call for a recession, people will conserve and stop spending and due lack of demand companies will start layoffs, its part of the cycle su may be in a poor position when this happens and

[liljohnnyjoke]

There has to be some significant reason the S/P remains @ 20% below pre-pandemic levels when oil was @ $60 and is now approaching $100. I guess Warren and the Saudis knew what it was. All peers making multi year highs with each  increase in oil price.

[mrbb]

i think so too. Surprised Wood didn't address SU fundamental but talks only about change of sentiment of dividend investors.  Maybe Wood see sentiment change is greater than improving fundamentals and valuation. That thought is more inline with daytrading than long term investing as investor sentiment changes much faster than fundamental