As of 12:20pm Pacific time Suncor has dropped $1.07. This is after what I thought looked like good news on their quarterly reports. Did I misread? Why would the stock go down when earnings appear to be going up?
first rule of investing ....
"Buy on the rumor, sell on the news"
Suncor is taking on a new project that will cost billions of dollars.I am an investor not a trader,I have confidence that management can make it work.
its going to be hard to go wrong with a large oil field, now matter what the outcome of the project... as far as projects go, any thought on TRP and the eastern pipeline?
Analysts have seen SU going up to low $40's for over two years now. Shows what they're worth.
Based on valuation metrics, SU should already be in the low $40's!! It is really cheap.