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Suncor Energy Inc. (SU)

NYSE - NYSE Delayed Price. Currency in USD
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33.23-2.34 (-6.58%)
At close: 04:00PM EDT
33.11 -0.12 (-0.36%)
After hours: 07:55PM EDT
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  • D
    DAVE
    Suncor is currently selling synthetic at $157.88US lest anyone is starting to worry

    Buy Hold Prosper
  • E
    Everton
    Edward Morse of citi group calling $65 oil on CNBC this evening. WOW
    It is amazing how these guys can manipulate this Market. I can just imagine how many stop losses got knocked out over the last couple weeks with all this volatility.
  • J
    Jimmy
    Shares are on sale. Buy low, sell high. Guaranteed $65.00. Just watch. Gas has never been this high for so long. Demand is high. Oil is in short supply. Who thinks Suncor Q2 will be the highest in history, give a thumbs up.
  • S
    Sean
    I wonder where all the oil came from to drop the price this much? The supply didn’t change? Ahh ok, this makes sense. Buy the dip.
  • D
    DAVE
    It all makes sense if you consider;
    Oil price was hit just before NA markets opened; (I would like to see those trades investigated)
    There have been talks of recession and interest rate hikes and those cause anxiety and fear in retail investor and to short oil now makes sense to take advantage of those fears if you want to drive down share prices;
    HUGE earnings will be reported by most O&G companies, especially those that refine their own oil, like Suncor;
    Large firms would love to get into oil before earnings releases begin in a couple of weeks;
    Large firms/ traders would be willing and able to cause a sell off in oil driving WTI & Brent down and along with them oil companies' share prices.

    Did someone say manipulation? Will share prices recover when everyone sees earnings begin to release?

    Buy Hold Prosper
  • s
    sean
    The price of oil is not going down anytime soon lol
  • m
    mike
    I’m just here to offset my gas costs
  • R
    Refinery Operator
    Load up when others are fearful , Suncor is still a very very profitable company , keep that in mind !!!
  • C
    Conair
    That over $100 oil surrre looks nice 🥳
  • J
    Jim
    So we drop 3 bucks for what ? what has changed over night ? The price of oil is still over 100 a barrel ! Oil and gas market so manipulated ..
  • J
    Jimmy
    ANOTHER UPGRADE:
    05 Jul. 2022
    SU
    Raymond James
    George Huang
    STRONG BUY
    $57.00
  • C
    Cody
    Buy little buy buy get this back to something reasonable
  • T
    The Realist
    The real question is how will markets react once companies, in the O&G sector, start reporting their Q2 results. Analysts appear to have been conservative in their assessments, no different than Q1. If earnings and free cash flow beats are in the cards, watch for some nice uptick in share prices. Suncor's Q2 numbers look like a clear beat over analyst forecasts. Are we setting ourselves up for a nice pop in the next few weeks? I think so.........
  • R
    Rusty
    Every sector is red, not just the Energy/Oil&Gas, lots of fear getting passed on to investors with recession and interest rate hikes. It’s just to bad that oil companies are getting dragged as well even though they know the second quarter numbers are going to be great.
  • J
    Jason
    Just a note on CNQ: it got slammed with a 25% drawdown on the June pullback. Suncor only went down 19%. So bear that in mind before getting upset about CNQ's progress today relative to SU.
  • J
    Jimmy
    Oil will go back up. USA tanks running low. Biden begging for more oil. people love to pleasure drive. Are you going to stop driving your car if there is a recession? Lol. Some people speak before they think. People will not give up driving like they will not give up their cell phone. End of story.
  • R
    Robin
    Exxon announced Friday after the close their Q2 net earnings will be around $18 billion or double its Q1 and way above consensus. A huge factor is refining - going from $0.3 billion to more than $4.0 billion Q/Q - WoW! I do not know what refining is as percentage of SU's earnings, but I assume it is simiar to XOM. Watch for a huge beat with SU announces Q2.
  • D
    DAVE
    Suncor will be hosting an oil sands presentation on July 13 to address safety, reliability and operation.
    I hope this allays market concerns in these areas and lends support to future share price.

    Buy Hold Prosper
  • C
    Conair
    $110 oil tomorrow 🥳😂
  • D
    Dutch
    Oil prices drop but based on top oil traders when it starts up it will rocket. SU will follow 140 price per barrel oil.