Suncor Energy Inc T.SU

SU - Good Yr - up 29% plus 4% Div = 33%

[integrity11]

Approximately 1 yr ago I added some shares at $41. Experienced commented the only way SU goes up is with a dividend increase (about a week before Q2 results). Well today about a year from that date SU shareholders can proudly say they have done well and the upside is still looking very good. Since Q2 results were released there have been two forecasts released , BMO at $62 and Jefferies at $62 which are approx 22% higher than todays current $54.10 trading price. So the share price has gone up 29% in last year plus we received a 4% dividend for a return of 33%. Yes there are higher returns, but this is an excellent return by a very good company. No one knows where the world is going or the markets, but for now SU is a great investment. I recently bought back into CNQ as like SU another excellent Cdn company. My one not so good oil & NG investment in TOU ( and Cr) will also do well imo. Good fortune to all investors in our Cdn oil & NG companies.  We have many fine companies, but just need a new government so they can realize their potential.

[Marty47]

Yes you did really good to buy at 41$ , I do think the stock can go to 62$ again don't count on bmo it's a projection , personnaly I sold mine at 53$ and bought back at 23$ , I reinvest to an utility etf as it was really low , I learn from this board you should never love a stock and you sell when another opportunity show up , since I sold I'm now at 12% increase in 3 months and lock a

[integrity11]

Thanks Marty. I sold half my SU at just under $54. I rebought 1/4 a couple weeks later at a bit lower. I will sell again when it reaches closer to $60. I agree don't get married to a stock as I have been guilty of that in the past. I have bought CNQ 9 times in past 1 1/2 years and sold 8 times . I thought I could not justify buying back again, but bought at $46 a week ago. I sold most of my

[Marty47]

I Did have bmo bought in 2013 36$ and sold at 140 in 2022 I think and same with bce bought at 32$ sold 64 .... I didn't come back to bmo but went back to bce when it crash this year ..... it's nice to wait when u get paid 8% dividend will sell back bce at 60$ , 

[integrity11]

As per my post I have 3 investment a little under water - BMO, Tou, and Cr, Due to fortunate takeover of Crew by Tou , I can take Cr off list and Tou rapidly improving. BMO still in red but reporting in a couple of weeks so hope it had a good 2nd quarter. Just bought Kelt today hoping it is the next Crew?