Suncor Energy Inc T.SU

US DOLLAR EXPLODING

[pooltec]

Is causing alot of the oil crash, but $ cannot go to much higher approaching 20 year high.
Blls of steel or wimp out; very painful right now.

[Bigbear7405]

I am not sure what you are talking about. It is going to go A LOT higher.  Inflation is no where near 2%. 

[pooltec]

all time high is possible but 1970's damm sell everything you own

[GingerEnergy111]

You'll own nothing but you'll be happy.  LOL Now just where have we heard that before?

[pooltec]

all time high is possible but 1970@s damm sell everything you own

[MigraineCall]

Black Friday...Sept 23, 2022? Crude is down 6%. Some energies we know well are down up to 10% in a horrible bloodbath. Many margin calls, and a rush to cash. The horror! The Panic! Everything is being sold. Your gut feels sick, and you feel like throwing up. Those that have been around have seen this before. Yet this is what I have been waiting for. A perfect storm of capitulation and market

[liljohnnyjoke]

I think there will be a nice rally next week as all of the hedge funds will want to lock in profits on their massive short positions  for 3rd quarter end. I believe the real Black Friday will come near the end of October, just before the next US rate hike of .75 on Nov 2. Wall St always acts surprised by these rate hikes?

[555rookie555]

couldn't resist buying back in today. If oil price dictates stock prices, and OPEC + wants $85+ oil price, then it is just a matter of time before share price recovers a few bucks.

[Bigbear7405]

Risky

[pooltec]

Bought some more.  Can stand the thought not owning some when I know SPR stops soon, huricane season full on, Putin Stalinizing,  Winter coming.

[Experienced]

sitting on the back terrace looking at the olive tree orchard going up the side of the mountain sipping on an exquisite 2016 Spanish red with my wonderful wife. Agreed things might go down more but as per my earlier posts did buy some more SU as a trading position.  Will see how things work out. Still more than 25% cash.

[PabloLafortune]

From my past review, Suncor has been somewhat resilient to lower oil prices. Not sure why because their capex and ops costs per boe are quite high otoh they produce a lot of SCO and they have refinery and retail (gas prices in Vancouver are the same as when oil was $105, go figure). At this stage, probably a better bet than CVE - YMMV - although CVE is not as dependent IMO on oil prices post Husky

[liljohnnyjoke]

are you long grapes and olives?

[pooltec]

yes and poo too