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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 > Risk analysis
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Post by Obscure1 on Mar 31, 2022 11:49am

Risk analysis

Good posts by Migraine and Experienced today.

For what it's worth, my investment strategy lies somewhere in the middle in comparison to Migraine and Experienced. 

Based upon what I have read on this forum, Migraine has increased his portfolio 20x over the past two years. That is truly remarkable. To achieve that type of multiple, one has to be either incredible lucky or incredibly smart/knowledgable or most likely, a combination of the two.

Experienced is obviously at a later stage in the life cycle and has different priorities.

Both gentlemen have clearly "been there, done that".  

When you get into the league that these two talented and may I say brilliant gentlemen play in, I think it really becomes a matter of risk analysis on the surface, and about andrenalin at a deeper level. 

From a risk perspective, oil appears to be very risky on the surface due the inherent volatility of it being the poster boy of a geopolitical football. However, one can also look at oil as being the safest and best possible inflationary counter-measure in inflationary times.

Does that mean Migraine is a risk taker, or does that mean that Experienced is actually a greater risk taker because he has not been invested in oil for awhile (Experienced's words posted here).

Migraine must have adrenalin pumping through his veins during market hours, which is 24/7 when it comes to oil.  I have "been there, done that" and it is fun and scary, and makes you feel alive.  However, for me, it came at a cost to the most important people in my life who don't share my thrill seeking ways.    

One has to admire Migraine's conviction to running on 3x margin (or even more-so with options) in what is already a volatile investment.  

The fact that Experienced takes a long term view and looks "both ways" (a throwback to the years when Mckenzie used the slogan in their advertising) speaks of his knowledge and the balance that he has incorporated into his life. 

As readers of this forum, I think we are incredibly fortunate to be able to learn from brilliant people who share their knowlege and experience without agendas. 

All I can say is: "thanks".
Comment by legaleafs on Mar 31, 2022 12:01pm
Bang on the money Obscure1. We are very fortunate indeed that they both share their experience and knowledge.. A huge THANK YOU from me as well. EOM. 
Comment by delissio on Mar 31, 2022 1:51pm
All I can say: Many thanks to all three of you. Cheers!
Comment by Experienced on Mar 31, 2022 4:26pm
Thanks for your kind words - much appreciated One of the reasons that I continue to read this Board and post on occasion is that, unlike many other Boards on Stockhouse, this Board has attracted many talented people who are willing to provide their perspective in a calm, respectful and matter of fact way.  I have learned many things from the posts here and as my Dad once said to me when I ...more  
Comment by Davesnothere on Mar 31, 2022 5:11pm
Thanks guys , great posts , refreshing, sobering !
Comment by Experienced on Apr 01, 2022 10:02am
Interesting comment As those of you know from past posts that I am overweighted in cash and as market signals have changed or there have been downswoops in the market I have adjusted my portfolio in terms of ownership and cash position.   All that to say is that the proceeds from my sale of SU and other related oil and gas stocks have not been sitting idly in a cash position but have been ...more  
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