Suncor?

[Bigdaug]

Its at 2005 prices. Seem undervalue. What do you think?

 

[fall]

Its at 2005 prices. Seem undervalue. What do you think?

I think you are smart. Lots of people who actually do it for living did not noticed it and you did. Buy immediately before these hedge fund and mutual fund managers realised it.

 

[Darts]

Fossil fuel is way past its best before date. The Saudis are dumping their oil while there is still a market or it will sit under the sand forever.

 

[Bigdaug]

Fossil fuel is way past its best before date. The Saudis are dumping their oil while there is still a market or it will sit under the sand forever.

Yeah maybe in like 200 years. You think there going to put a couple of AA batteries in a plane and fly to Asia. This green technology sucks it been around forever. Windturbines solar field, battery power vehickes are garbage. They're worse for the environment then burning oil. Batteries are toxic. They're better now than 10 years ago but still suck.

Population growing only effective way to keep world moving is oil. They'll just make it more efficient like new trucks compared to trucks 10 years ago.

I bought a thousand shares today we'll see how it goes.

 

[Darts]

Oil will still be around. The question is whether it is past its peak demand and on an irreversible decline. Suncor is involved in oil sands, expensive oil. Good luck on your investment.

"What ' s the natural decline rate for Saudi Arabia?
Aramco reports a natural decline rate of 8%, which means their production would fall by half in less than nine years, without investing billions annually into new wells and new technology on marginal sites. In 2005, Saudi Arabia increased its operating rig count by 144%, to increase oil production by 6.5%.
The decline of oil has already begun - Greenpeace ...
www.greenpeace.org/international/story/29458/peak-oil-d…"

 

[Bigdaug]

Oil will still be around. The question is whether it is past its peak demand and on an irreversible decline. Suncor is involved in oil sands, expensive oil. Good luck on your investment.

"What ' s the natural decline rate for Saudi Arabia?
Aramco reports a natural decline rate of 8%, which means their production would fall by half in less than nine years, without investing billions annually into new wells and new technology on marginal sites. In 2005, Saudi Arabia increased its operating rig count by 144%, to increase oil production by 6.5%.
The decline of oil has already begun - Greenpeace ...
www.greenpeace.org/international/story/29458/peak-oil-d…"

Oil going to recover next year when we open back up. People will start flying and driving again. I think its a good deal.

 

[passingthru]

Oil going to recover next year when we open back up. People will start flying and driving again. I think its a good deal.

It’s optimistic to consider it within the year. There’s also a lot of political tension in he world.... so realistically we’re 2-3 years away from a recovery for Alberta.

 

[Jkelly]

Bigdaug

I knew that at the start of the year when I bought Suncor at $22 per share. Its now about $30 per share. I bought Suncor and sold it for an $18K profit.

The price of oil is a lot higher than precovid, before covid it was $40 per share so buying Suncor at today's price is still a very good deal. Suncor is now a cash cow you will be happy if you buy it.

 

[oil&gas]

Fossil fuel is way past its best before date. The Saudis are dumping their oil while there is still a market or it will sit under the sand forever.

The Saudis are dumping their oil as quick as they can before their
spare capacity vanishes. Sooner or later they will no longer be able to maintain
oil production at current level. Barring $200 oil I am willing to bet oil production
in the kingdom will fall off its all time peak by 20--30% within 3 to 5 years. That
should please climate activists to no end.

 

[chodge]

Suncor seems to be in the penalty box IMO Imperial oil precision drilling stock are doing better

 

[Ceiling Cat]

I have Suncor and Ovintiv, Ovintiv seems to be the better performer.

 

[Indiana]

SU’s been pretty okay the last 2 months.
I’m waiting for about another 25% upside before I get out.

 

[oil&gas]

I don't have SU in my portfolio because of lack of capital. If
I have it at this point I'll hold it for another decade for the
dividend as well as a hedge against skyrocketing oil prices.

 

[Anton19]

It has been a great return on investment. I’d still stay in for long term

 

[Indiana]

I don't have SU in my portfolio because of lack of capital. If
I have it at this point I'll hold it for another decade for the
dividend as well as a hedge against skyrocketing oil prices.

SU dividend is only low average at best unfortunately.

 

[Bigdaug]

Yeah I doubled down on it bought another thousand shares at 26. Oil going to skyrocket it already 70$. Last time it was at 70/2018 suncor was 53$. We're not even fully open, planes aren't flying like before yet.India is still in lockdown.

People mock oil but we would be in the stone age without it. Its one of the greatest necessities. Everything is made operated transported traveled by oil.

They better hope this green technology get much better quickly.

Did you see what happened when the hackers shutdown the pipeline for a few days. Chaos!

 

[Bigdaug]

SU dividend is only low average at best unfortunately.

I'm not in it for long term I want the price to go up.

 

[Bigdaug]

SU’s been pretty okay the last 2 months.
I’m waiting for about another 25% upside before I get out.

Could be a very good hold for a few years maybe longer.

 

[Bigdaug]

Gas prices are about to explode.

 

[Robert Mugabe]

Options seem cheap. As in nobody is interested?