Suncor Energy Inc T.SU

Maybe time for some to take profit

[Marty47]

Congrat to great results , but remeber q4 oil price is down and we are moving in 2025 as uncertainty .... well I sold all my suncor earlier this year think about taking some profits before it may be back down .... good luck all

[meritmat]

Heck with that, im back in.  Stellar results and all free cash flow goes to buy backs.  Building position lets see a double in 3 years

[Marty47]

Well I sold cause I saw a better opportunity , keep in mind I bought at 22$ so I had a good ride , for sure it can go up before that you had wti at 80-85 and suncor was 53$ now 68$ wti suncor at 57$ , but with my gain I move in a Zwu when it was at 9.90$ and 8% dividends so I increase my monthly income but I reinvest in lagger stocks like Veren for the long term anyway so far so good , I think

[mrbb]

former US Commerce Secretary think US might exempt tariff on Canadian crude, hinting canada should honor our defense budget a 2% of gdp  

[Marty47]

With castreau gone build few more pipelines and export our oil would definitely get more $$$ to help get the 2% .... 8 years to achieved nato 2% won't cut it trump , our leader Justine with his education in literature is a great asset lol

[mrbb]

with cheap CAD, every canadian earning power declining, except for oil/gas companies.

[corvette67]

Not the time to sell. Should go over $60. All bets are off if Iran attacks Israel since their oil industry will be destroyed with Trump;s blessing. GLTA

[integrity11]

Marty took your advice and sold half my Su shares today .A very nice return as these shares were a long term hold from August 2023, I immediately turned the SU shares into CNQ shares as I believe it is undervalued. SU imo will continue to increase in value, but I am gambling that CNQ might increase more. Still have faith in and holdings in Su,Cnq,Tou (largest holding), Kel, Wcp and Cve. Great

[Marty47]

WoW CNQ was a great buy in June at 24$ , it dip in one day not sure what happen