SUU/N trade ideas
$SU to the mewnCommodity inflation is here, $USOIL is breaking out of the generational bearmarket and this is THE GENERATIONAL LONG.
$SU Suncor Energy has exposure to the oil sands which I think means the margins are possibly lower and they are more hated for environmental reasons? - This is what the chart suggests.
The slingshot higher should melt faces as all the flows pour back into the energy sector. Expect massive FOMO.
You wanted an energy pick?650M of the total shares of 1.5B is already on the short side.
The company will continue with his shares buyback program :
Suncor Energy shares outstanding for the quarter ending September 30, 2020 were 1.525B, a 1.87% decline year-over-year.
Suncor Energy 2019 shares outstanding were 1.561B, a 4.17% decline from 2018.
Suncor Energy 2018 shares outstanding were 1.629B, a 2.16% decline from 2017.
Suncor Energy 2017 shares outstanding were 1.665B, a 3.29% increase from 2016.
I expect a multi-days breakout, that means if you wake up one morning and the stock is up 30% i don't sell. It will continue for at least a week.
Trade at your own risk!
Warren Buffet Suncor Energy $SU taking off price target 30-40$ Crude oil said to rise to 65$ by the end of summer according to bloomberg analysts. Suncor Energy $SU taking off price target 30-40$. Warren Buffett currently owns this stock. Also check out ticker $XEG.CA for canadian energy oil gas etf.
SUNCORE ENERGY finished 30 years grandsuper cyclehello everyone,
as you can see Suncor energy has almost finished a 30 years elliott wave grand super cycle, (almost since i was born ^^) and the giant oil and gas company took a hit as many leading company in the oil industry, i think it is going to take a lot of time to recover, but i believe this company is too big to fall, also i believe it is a golden opportunity for investors who want to invest in the long term, you can buy for the cheap price and get a dividend and also benefit if the price goes up, for technical analysis the stock is in the last stages of huge correction and long term investors who wants to buy at these levels should not worry if the price drop deeper, i believe there will be no way in the future to replace oil or gas..
good luck , please leave a like
Suncor (SU.TO) get in with a SLSuncor has been another fantastic play since the 15$ entry.
Now entering a new zone a bit high on the RSI's.
Stock is still undervalued.
Looking for a strong push from here to next fib line so RSI can reset down before another two waves up.
Stop Loss in case of breakdown, although unlikely.