Suncor Energy Inc T.SU

SU Holders - Some things to think about

[Experienced]

Right now, WTI is up about 8% and the DOW futures are down over 800 points or about 2.5%. The markets in Germany and France are down about 5%.

We will see how this balances out fpr the SP of SU when the markets open, but the market percentages would suggest that the SP of SU will be higher at the open.  Which way the market goes for the rest of the day is anybody's guess.

All that said, the jump in the WTI price IMO is an emotional reaction,  There is nothing going on resulting from the Russian invasion of The Ukraine that will change the energy supply numbers in North America in the short run and if anything, higher prices will stimulate even more production.  Unless there is some sort of change in the energy demand numbers in North America and IMO in the short run, there is no reason to suggest that that will change in the short run, the supply/demand balance would suggest that there is no fundamantal reason for the WTI price to go up in the short run.  Any increase is purely an emotional reaction to the pundits' narrative and manipulative by the denizens of The Street.  It is not backed by fundamentals.

If this situation does persist somehow then the inflation numbers will go up prompting a larger increase in interest rates next month at The Fed meeting and this will result in further declines in asset prices.

With all this in mind, IIMO people here who hold SU need to look at their financial situation in conjunction with their investment strategy and look at the possibility of taking profits on their SU holdings and buying back after the dust settles on the Ukrainian situation.  This is especially true if the SP of SU pops at the opening this morning.

Comment/reactions are always welcome.

[prophetoffacts]

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[Chad123]

Good post. What I will be waiting for are the next round of sanctions which should come later on today. What will drive prices higher later on is if Putin or the sanctions causes Russia to withhold supply. This could be the shock that pushes oil up to $125-$150. Regardless of the price, what is the US going to do to combat higher oil prices? Release more barrels? Probably. Will it turn to its big

[Experienced]

Good Post!! IMO I would very much doubt that at least in the short run that Russia would cut off oil supply to Europe for a couple of reasons... 1....they need the cash to finance the war 2....with sanctions on sovereign debt such an action would be like shooting themselves in the foot

[NPCexe]

I think you're 100% right.. I'm gonna pull some SU out. The volatility will be too much. Bloomberg is posting that Russians have launched an all out invasion. When the markets find out they've just hit the missile bases the US helped to create, the markets will be sorely disappointed they were lied to

[Wynjoe]

Sell if it pops? Maybe but the time is coming,"maybe today",when it's going to "pop" but not drop,lol. Suncor available shares are drying up fast,I.m.o. At some point positive earnings will squash the "tarsands" negative sentiment . Personally I disagree with your growth fundamentals. I see unprecedented growth in the near term,the world is short supplied on

[prophetoffacts]

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[Lupuslupus]

I can see cleaner forms of fuel are the future, but realistically it will be a couple of decades before people start driving EVs en masse.   this move toward greener fuels is largely vocalized by North Americans and Europeans  Meanwhile Asia, which has the fastest growing middle class, will be buying more and more gasoline vehicles. Not to mention this green movement is up to this

[jx7000]

Spring break is coming up. I fully expect to see all the greenies make it down south and back on their bicycles or EVs. They better not be getting into an airplane unless it's an electric one.