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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 > 16 year high
View:
Post by lifeisgood1010 on Aug 19, 2024 11:07am

16 year high

My company is trading at a high not reach since 2008.

Do your DD and go see what was Suncor's production in 2008.

Go see what kind of profitability they were getting out of this company vs
what it is getting today.

As far as i am concern many still don't get it.

Obviously, Suncor being and by far my biggest holding makes me think that way.

But financial don't lie.

Staying long more than ever.

Comment by Experienced on Aug 19, 2024 12:26pm
So you are saying that you are long forever in SU and this decision is based on a chart showing that the company thas had essentially zero capital appreciation if you bought the stock 16 years ago. Wow!!
Comment by lifeisgood1010 on Aug 19, 2024 1:06pm
You sound like Trump, i did not say i bought Suncor 16 years ago nor did i say that i will be a Suncor shareholder forever.You are deforming what i wrote. What i said is that i was long Suncor more than ever meaning that i like the company more today than a few weeks/months ago. Not only based on fondamentals that have never been better in it's history but also on it's technicals We get ...more  
Comment by lifeisgood1010 on Aug 19, 2024 1:21pm
One last comment. Sure, Suncor was not a great investment for a investors who would have bought in 2008 and keept them all that time. Depending on the period we pick, we can have the story we want to depict. Look at Suncor returns over the past 5 years vs the TSX. Su YTD + 37% vs 11% 1 year + 33% vs 17% 3 year + 187% vs 14% 5 year + 89% vs 43% Not bad for a crummy investment. & ...more  
Comment by Experienced on Aug 19, 2024 3:01pm
LOL...you were the one that picked the time period - not me Read the title of your own post!!!
Comment by lifeisgood1010 on Aug 19, 2024 3:44pm
You are right Kman86, i am wasting my time with this guy. I said it would be my last reply but couln't resist. I did not pick the time period.I just stated a fact. The fact is that Suncor is trading at a price that it had not reach since 2008. Nothing more, nothing less If it would have been in 2010, i would have said 14 year high. This is just a fact an a truthful one. I hope this is ...more  
Comment by Kman86 on Aug 19, 2024 3:30pm
Don't waste your time Life....this experienced guy is the best in his own head and has been nothing but wrong over the last couple of years (Of course he'll never admit that and will come up with some nonsense story on how he made money elsewhere on his bs speculative companies. To think this guy actually managed people's money like he said he has os downright scary....... just ...more  
Comment by integrity11 on Aug 20, 2024 12:10am
Good job Life is Good. The likes by readers/posters are the proof that this board appreciates your comments and posts. The 0 likes for the other poster is proof of what the readers/posters think of his comments. The vast majority of the followers/posters have done extremely well with their Su investment. When Su is doing well Experience rarely posts, but when the oil price is down and SU is down ...more