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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 > SU is really just a big penny stock
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Post by Obscure1 on Feb 24, 2022 2:03pm

SU is really just a big penny stock

The SU retail investor doesn't stand a chance.  OIl has backed off a bit, but is still up almost 4% and yet SU is down almost 1%.

SU traded 23.5mm shares at the close earlier this week.  The buyers and sellers of those type of transactions (my guess is the transaction was options related) are in complete control of the SU share price.

There is absolutely nothing that retail shareholders can do or say to affect the share price in any way.  As such, retail investors can make the right call and yet end up with egg on their faces because the share price has virtually nothing to do with the company.  It gets even worse because it doens't even matter what the company does. 

SU might as well be a penny stock. 

It is not surprising that the pros continue to sell SU from their funds regardless of how the company performs.  Fund managers want to own securities that they understand and can explain to their investors.  SU doesn't meet that criteria.
Comment by Chad123 on Feb 24, 2022 2:18pm
Unfortunately the whole sector is also down. No use pounding on SU.
Comment by Vlosun on Feb 24, 2022 2:38pm
I'm up 40% in one year. I'm a "retail shareholder" and i know what to do; relax and wait 3 to 5 years. I'm happy with the growing dividend.
Comment by Bigbear7405 on Feb 24, 2022 2:24pm
That does not explain Cnq rise to glory. Some people left during the sell out. Have they come back? Not entirely. If the profits and the debt repayment continue it will pull investors to this stock. How can it not?
Comment by Experienced on Feb 24, 2022 5:02pm
The answer to your question is actually quite simple. Suppose you have, to pick a round number, 100K to invest in energy stocks. So you look at all your choices to pick the one that you believe will provide you with the best return. As part of your decision, you think energy prices will go up for the foreseable future and you also want a company that will be increaaing tis production of energy ...more  
Comment by Lupuslupus on Feb 24, 2022 6:01pm
Why would you put all your eggs in one basket? never a prudent idea i have both cnq and su and have been trimming back some cnq to get more into su because it has a more compelling valuation  listen you won't go wrong with either of these fine companies, but personally I believe the hiccups su went through will be dealt with and behind them
Comment by Experienced on Feb 24, 2022 7:11pm
Sorry - not suggesting you put all your eggs in one basket..diversification is important but that can be across industry sectors. My main message was that I was tired of the whinning and bleating going on here and suggesting that people take a broader view in terms of figuring out where to put their money and some ideas on how to make that decision. My message was that there are reasons why the ...more  
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