Suncor Energy Inc T.SU

Profitability,that's all that matters in the end

[lifeisgood1010]

Anybody doubting how profitable are SU refining operation can have a look at page 36 of the
latest Q3 results.


2022-q3-report-en (suncor.com)

They show different crack spreads from Q4 2020 to Q3 2022.

Some spreads are 5 time more.Chicago 2-1-1 went from $7.95 to $43.30.

Short term there are and will be pressure on the SP because of investors that were hoping for
a bump if retail would have been sold.

The board took the right decision to keep them.tomorrow we will see the stock go down again
on ex-div. but it will be forgoten when the SP reflects the high free cash flow and high profitability
of it's long life assets

[Experienced]

The market reacts to changes in the outlook for a particular company.  Old news is already baked into the SP. High FCF for SU is not news - it has existed for a long time so it is already baked in...there is no OMG moment here.  The SP will only go up if there is something unexpected and new.  Right now the new development was what happened the other day - they couldn't sell

[newcoin]

I think we just established that your 'facts' aren't quite accurate. Grownups want the truth, not distortion.

[Experienced]

True....actually the 15 billion I quoted was the price in US dollars so the purchase price in Candian dollars is somewhere around 19-20 billion in today's dollars.  So if you think the refineries etc are worth 16-17 billion depending on what the potential suitors were willing to pony up for the gas stations, then I suppose no writedown will be required. I would be surprised if they are

[Kman86]

Give it rest experienced. You're stance has been made clear here yet you continue to post on this board. Perhaps it's time to take your opinion over to one of the ev boards. After all, you"re still on the "sidelines" as you've stated numerous times here, a decision which was poor in itself

[meritmat]

Never hurts to hear the other side of the coin. Yes I think climate change is BS and this EV thing is a joke but then again I'm bias. Looking back over the years maybe if I would have listened to some of the naysayers on some of my expense stock (mistakes) learning experiences I would be retired instead of doing the day job. knowledge is power 

[MigraineCall]

No, thats not fair or right. I highly value Experienced's opinions here, and of many others.  The key to making correct investment decisions is to hear from both camps, optimists and pessimists, and the true path lies somewhere in the middle once you can see the best picture of the circumstances. I have also been through terrible recessioins in the past, and had I heeded advice like his

[teebore]

Well said; Experienced's invaluable contributions on this board is very much appreciated. 

[angelnicky]

  street may believes that company is not being run right, may continue to drift lower to 30's until a massive sell takes place its one of the hated stocks on the market elliot is very quiet, maybe dumping shares before the flood gates open

[meritmat]

And there still buying back 10% of there float.  Cheaper shares to buy.