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Suncor Energy Inc. (SU.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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As of 11:27AM EDT. Market open.
22,528 reactions on $SU.TO conversation
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If they increased the dividend, even if it was by a couple of cents, it would have given investors a bit more confidence in SU.
Also, Fort Hills mine issue is overinflated and the stock did oversell. Management should have done a better job in introducing the issue, not just throwing it out there thinking investors going to take it well. Maybe, just maybe, could even be intentional so they can do buyback for cheaper.
Regardless the reason, Fort Hills mine issue is overinflated and it’s not as of big deal as it looks like and the stock has oversold imo.
BP.L CEO today this morning on Bloomberg said that BP understands their dividend is very important to their shareholders and that influenced their decision to boost their Q2 div 4% today, helping fulfill one of their main priorities of returning 60% of excess cash to shareholders. And with oil at $60+, they have the capacity to raise it 4% annually while also doing $1B per quarter in buy backs. SU needs a new mgmt team that prioritizes shareholders today not in 2025.
Suncor is here to stay for the long-term investors. You can't just start up an oil company and Suncor is currently priced undervalued compared to its competitors. The stock price is a little above when Covid was still driving down prices of oil. Now, everything is opening up and the stock will rebound.
When you think it can't get any worse it does. Vote Chicken Little for the worst CEO during the pandemic recovery! He would win hands down and that is in any sector.
Stock Monster 7000
Education time. For all those confused with Suncor's price action and blaming the company.
Please have a look at XLE (Energy Fund ETF).
More than anything else, Suncor follows whatever the industry is doing. When the stock shot up this morning, that was a sector trend, not share buybacks or anything else. When it fell back down, that was also a sector trend not a personal attack on Mr. Little. Notice how most of the time, XLE and SU are nearly identical.
RSI back under 30 on the daily. Within 10% of incredible support... not even sure why it's down here with oil still above $70 but here we are.
It's in to 8 straight weeks of red while oil price have been essentially flat over that time.
So oil above 70 means nothing? I remember when oil first hit 70 and this stock took off like a 🚀. Now it tanks? okay.
Pure manipulation and we're paying for it.
Oil is getting smoked today, and this is bottoming and still green. Careful these Negative Nancy's don't talk you out of your shares. We have had many recent upgrades with much higher price targets .
07:17Jul 30, 2021MT Newswires
RBC Says Suncor's Fort Hills Delay Could Affect Second Half Results, but Overall Performance Still Impressive
Royal Bank of Canada in a Friday note said that the delay at Fort Hills to full rates until early next year also delays what had been a second-half bull case for Suncor Energy Inc. (SU), but 'would not throw out the baby with the bathwater' just yet.
Elsewhere in its portfolio, Suncor's performance remained "impressive," and is "ready to rock" particularly in the downstream, RBC said.
The bank expects Suncor's share price to be range-bound into the autumn, but still affords good value.
RBC maintained its Outperform recommendation and one-year price target of $36 per share on Suncor.
Every Monday the weekend Covid news spooks and Oil dips. The economy is still open though, and by wed we have data indicating reserves are falling and demand continues to grow. Rinse repeat.
Holding till $38. We will get there once buy backs complete and dividend starts getting bumped up. The cash flow is there at these commodity levels. As long as crude is over 70 we are good
Don't take the chance and not buy at these prices...this thing could easily GAP up at anytime due to institutional buyers. I would take a position and average down If it gets there. Most bad news is already baked into the share price and everyone knows WTI short term dip is temporary just like the 4th wave
Quite the Red day. Even REITs I have which beat estimates yesterday are down 3%+ today. Market almost acting like we are in worse lockdowns than earlier this year.
With crude falling that much and Suncor staying neutral that’s a good sign it’s oversold.
When analysts give this $37 PT its time to sell/short and wait till sell off is completely before they bring this to $37.
Safe haven bond buying in the US. Follow the smart money. Oil gonna drop hopefully no less than low 60’s.
Not a good time to put new money to work
Thought earnings are great (net eps 58c is a beat ) and also reduced share float by 35 M or 2.3% , oil production was very good too. oil is up too. But price action is very muted. Wonder why ?
SU,'s managements exact reaction to the SP dropping... "Good, we can buy more..."
Retail Investors reaction to the SP dropping: "I wish I would have chosen another oil and energy company to invest in. As soon as I break even, I am selling. 2025 the return of dividend pre-pandemic... are they serious???"
Do your worse, suncor. I am so desensitized to red... in fact red is the new green. Woo
SeLL before it goes more down and buy back after it drops 10 to 15 percent cases are rising
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