Suncor Energy Inc T.SU

Interesting day in the market today

[Obscure1]

NFLX down 35% on Q1 announcement of a drop of 200k subscriptions (which included the 700k drop in subscriptions as they shut down operations in Russia.  The outlook for Q2 is worse and the analysts will have to rework their numbers DOWN.

TSLA down $50 per share in concert with NFLX (no idea why as they are not related in any way) in anticipation of release of Q1 numbers after the close.  TSLA numbers blew away the concensus numbers and TSLA shares were up $53 in the after market.  The analysts were caught with their pants down and will have to rework their numbers UP

SHOP shares were down $106 (13%) for absolutely no reason other than the tech sector was all Red today.  I bought a chunk a pretty good chunk of SHOP at the close on my belief that their Q1 numbers which get reported in two weeks will exceed the analysts consensus.  I think SHOP has a decent chance of taking a few perecentage points out of AMZN's market share going forward as soon as they get their distribution network set up.  Even a grab of 2% of the market will have a huge impact on SHOP.  The 70% beat down of the SHOP share price seems over cooked to me and reminds me of when ENB got creamed for a year or so after they acquired Spectra.  I expect SHOP to rebound significantly in the next 12 months. 

SU recovered yesterday's loss on the $0.50 increase in the price of oil today after yesterday's $6 beatdown of oil prices.  I see the trading as very bullish. 

I doubt anyone cares about anything in this post other than the last comment on SU, but I always find it interesting when other poster share their thoughts.

[Experienced]

Talk about baiting me - lol Sorry to hear about what happened today regarding your SHOP and TSLA investments. What are my takeaways? Over the years I have found that what happens on NASDAQ and particularly tech stocks is often a leading indicator of what will happen to the broader indexes - ie - DOW and S&P500. Given the downdraft over the past while on NASDAQ relative to the DOW, this

[Obscure1]

I always enjoy Experienced's posts as they are well thought out and based upon his very useful Experience. His Lone Wolf argument is cute, but there are lots of very smart people that agree with him Based upon his posts, it appears that Experienced is well versed in Economics. One of the principles of Economics is the Elasticity of Demand and Supply which I think Experienced hasn't taken

[pooltec]

Awesome post.  For those who have compared the price of oil in the past for demand destruction also compare the better mileage one gets today vs. then.  I now drive a 2.7L F150 made of aluminum with auto shut-off.  So I can afford a higher price of oil today due to better mileage I get as we all do with our vehicles.  Discounting of course I bought SU at 25 bucks and can buy 2

[Experienced]

I agree that the demand for oil is price inelastic.  Anyone who has the "pleasure" of taking Economics 100 knows all about this. The reason that I didn't mention this in my post is that not that I have forgotten about it but rather it is not relevant to my argument. The key thing is that interest rates are going to go up and right now inflation is outpacing wage gains

[MigraineCall]

Great points. Exactly when should one jump off the train before it plunges into the abyss? I have plunged 3 times already, each time taking years to claw myself back up. The first was the dot com bust, crashing hard as I went down with my strong buy secure holdings recommended by my bank to buy the dip. In hindsight, I should have taken a short position when it turned. The second time in 2008,

[RagingBull3]

I spent 5 minutes looking at SHOP's Financials..... I'm guessing they are going to report MASSIVE LOSS for Q1.    Just guessing. All just my opinion/view/thinking.

[RagingBull3]

Technicals/Momentum is Down.  Fundamentals lacking.    Obscure1, you screwed yourself.    Again, just guessing, but I predict not just a loss for Q1 for SHOP, but a MASSIVE LOSS. You caught the falling knife in hopes of a "Bounce".    Don't feel bad, we all done it.   But if you continue to blame others, you will continue to make the

[RagingBull3]

Obscure1, you better check out your SHOP shares... It's worse than I guessed.    All just my opinion/view/thinking