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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 > Stock extremes....
View:
Post by Wynjoe on Nov 25, 2022 10:58am

Stock extremes....

During covid we saw Suncor dip below $15.00, the company was way undervalued selling below cost. We will see Suncor go the other way very soon,that's why I'm calling for s/p of over a $100.00. Oil may test the $60.00 or $65.00 level but it wont matter to Suncor, incoming cash will win out....BUY SUNCOR TODAY IT IS A MAJOR BUY AND HOLD!!!!We always experience EXTREMES,IT'S COMING!!!
Comment by Experienced on Nov 25, 2022 11:25am
Wynjoe.....You make a great cheerleader!! Wish I had you cheering on the football team when I was in High School - I'm sure we wouda won the City Champshionship.....lol
Comment by Wynjoe on Nov 25, 2022 11:34am
I wouldn't call it cheerleading, but Suncor soon should announce the fpso to go back in action at the Terra nova oilfield and West white rose construction is ongoing as I write (over 40 percent ownership).The tmx completion will generate interest in ALL western Canadian oil. I just believe Suncors s/p has not advanced as it should have. SUNCOR IS GOING WAY HIGHER!!!
Comment by meritmat on Nov 25, 2022 2:05pm
Will they really punish the share price if there's nothing of substance in the news release?  We're 2/3 done 4th qt with the average oil price over 80.  There printing money.  Plus they just increased div.  Keep doing what your doing no complaints here 
Comment by MigraineCall on Nov 25, 2022 4:14pm
Well Meritmat, I don't think the market is really expecting anything special from Suncor on Nov 29, so any significant positive news would be a surprise to the upside. No new substance I think would be a wash. Standard boilerplate and a verbal massage coming I think. Compared to other names, SU is still able to capture most of the crack spread from the mine to your gas tank, without the worst ...more  
Comment by meritmat on Nov 25, 2022 4:44pm
Yup good points.  
Comment by Experienced on Nov 26, 2022 11:42am
I agree that we will likely see boilerplate stuff coming out of the presentation.  I think the lack of market response in the runup is more to do with people scratching their heads wondering what this is all about - ie...why not just a PR as opposed to a dog and pony show. One thought I have is that they have chosen a new CEO and want a big splash to introduce him to the investment community ...more  
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