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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 > Prediction for adjusted operating earnings
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Post by lifeisgood1010 on Nov 06, 2023 11:30am

Prediction for adjusted operating earnings

I once again looked at Q2 results VS the coming Q3 again this morning.
My rough and dirty calculations give me a number much higher than what
i see on the web.The average is about $1.30 - $1.40

Ajusted operating earnings were 96 cents in Q2

My prediction is that it will be MUCH HIGHER THEN $1.30 in Q3

I would not be surprised at all to see $1.50 to $1.75

Call me crazy, overly optimist, waring pink glass...

Anybody care to play the game of prediction ?

My final call $1.60

And with these good results, the stock will be up thursday reflecting these good results.

CNQ once again increased their div.Will SU follow?

I am confident that R. Kruger will show good stewardship in turning this big ship in the right direction.Institutionnal investors will start to realize that this is starting to be a different Suncor
then what we were used to be.

Only 2 days to wait.
Comment by integrity11 on Nov 06, 2023 1:13pm
Lifeisgood thank you for your post. I too believe SU adjusted earnings will be up from Q2. Haven't had a chance to finish my estimate, but I liquidated my Tou stocks on Thursday and reinvested some of the proceeds into SU. I have been wrong many times in the past, but have had a pretty good record in recent history. I believe we will see a nice uptick in share value this week. The WTI price is ...more  
Comment by integrity11 on Nov 06, 2023 1:14pm
Sorry made an error. Liquidated my CNQ position.