Suncor Energy Inc T.SU

Will the TSX ignore the SU move in the States today as usual

[Obscure1]

SU closed today at US$39.42, up 3.52%.  When the US/Cdn exchange rate is factored in, the SU close is equivalent to Cdn$50.40

The TSX will probably ignore the upward movement on the NYSE board today as usual.

I can't be sure why this pattern keep recurring, but I suspect that the US brokers don't SHORT in the States because the US actually has rules about shorting that are enforced.  Canada, not so much.

[mrbb]

last time SU cracked $50 a share was back in August 2018 when oil was hovering $65-74 /bbl  and crackspread no where near today.  Even at $50 SU is still cheap today.   Let the institutions sell SU because of ESG, there are still window of opportunity for smart money and value investor to add SU now  

[NPCexe]

Well for what it's worth, it doesn't look like any shorts have covered at all, so that might be good news. Although on the other hand it seems these corrupt systems allow you to short ad infinitum until the market conveniently corrects to your advantage.

[jx7000]

Naked short selling?

[Experienced]

The discussion here is about naked shorting.  In the US there are few exceptions to naked shorting, the primary one being the market makers on NASDAQ and even there, as a general rule, most market makers are neutral at the market close for fear of being on the wrong side if something happens overnight.  The other major exception in the US is what is called the pink sheets which are