Suncor Energy Inc T.SU

Dr. Anas: Oil, OPEC, and Russia

[MigraineCall]

Seems the mods have removed my copy paste attempt of the article here due to copyright, so here is the link instead.

Here's a printed version of Dr. Anas'  newsletter. It covers many things he discussed in his 2 hour interview I posted previously. Great insight.


https://anasalhajjieoa.substack.com/p/what-should-opec-do-what-would-russia
 

[Davesnothere]

Thanks Migraine, very helpful!

[pooltec]

Can't stay awake reading this. So is oil going up and when?

[MigraineCall]

LOL. Listen to the audio then, link was a few posts back. Regarding oil, one must listen to what the market is telling and showing us. It wants to go down. IMHO, oil will not rise yet on its own for a while, unless there is a market moving event. Liquidity is gone, and hedge funds and trading houses are letting it blow off some steam, as crunch time is still a few months away. XLE is being sold

[thumble]

Great post thank you. In your opinion, is now the time to buy Suncor ? If not what's the trigger ?

[MigraineCall]

If I was forced to give a simple answer to that, I would say no. The trigger is a sustained move to the upside with volume after a bottom. Wait for the turn. If I was going to enter a new position with my Mom's money, I woud also say not yet. Oil and oil stocks are in a current downtrend, still caught up in a liquidation sale along with negative general market sentiment. That said, I

[Experienced]

Great advice Migraine.  Couldn't have said it better myself. Both of us have lived through significant market swings over the years.  I suspect that I have seen more than pretty much everyone else on this Board over the years with possibly a few exceptions and have the scars on my back to prove it. The pros are playing the market like a chess game, knowing that most of the people

[kepiyal]

This post has been removed in accordance with Community Policy

[stever50]

Margin u for a few names you are buying now

[barneyj44]

Fantastic post MigraineCall, Suncor now yielding over 5%, I will continue to buy this blue chip company along with Cpg (25% divy raise today) and Whitecap. Glta