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Bullboard - Stock Discussion Forum Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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

TSX:SU - Post Discussion

Suncor Energy Inc > Canadian Banks Downgraded to Sell
View:
Post by angelnicky on Feb 09, 2022 11:00pm

Canadian Banks Downgraded to Sell

due to slowing economy with high interest rates

D’Souza acknowledged that higher interest rates will boost the banks’ net interest margins, or the difference between what they charge for loans and what they pay in interest on deposits. However, he said that those higher rates will eventually drag down economic growth and create renewed risk for the banks’ loan books.
Comment by Chimpwithdart on Feb 09, 2022 11:27pm
The Bank of Suncor has been downgraded!
Comment by mrbb on Feb 10, 2022 2:44am
if rate hike gonna drag down the economy, then why would the fed hike rate? if inflation need to be quenched, why the fed didn't raise rate at their Jan 26-27 fed meeting? Why wait for March meeting, if any? That's why i said SU should reinforce its balance sheet with debt payment and share buyback.  
Comment by MigraineCall on Feb 10, 2022 6:48am
For personal tax reasons, I would also favour no dividend now, and every extra dollar be used for debt repayment and share buybacks. In regards to the actions of the Fed, one can liken it to driving a car. Quantitative easing has been the foot on the gas to the rear axle, and interest rates have been the front wheel brakes.  To survive the pandemic economic crash and get us out of the ...more  
Comment by mrbb on Feb 10, 2022 2:51pm
i am thankful for the ESG and anti oil policy in a way, it force oil/gas companies to be prudent and not reckess like before.  It woken us up about how important and valuable a barrel of oil and cubic feet of gas are.  On rate, i see only couple of token rate hike. Nothing big. The fed is trapped. They can't pay the interest high rates. A 5% rate (not 5% hike) is enough to kill ...more  
Comment by MaximusGainus on Feb 10, 2022 2:55am
So the message that you are sharing is that banks are going to be raking in more and more profits, causing their share prices to skyrocket. Eventually, they will be making so much money due to high interest rates that it will drag down the economy. The same can be said about oil. As demand outstrips available supply, oil will rise and companies will be raking in more and more profits, causing ...more  
Comment by angelnicky on Feb 10, 2022 5:16am
no i was implying that we are going in a recession this will have an effect on oill demand remember 1982-84, folks were giving the keys to the banks of their homes i hope gov will do what they can to prevent the repeat that happen in the 80's you may have been in diapers back then , so you wouldnt know what happen
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