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PaulDeep19131
Jan 1, 2020 6:57 PM

SUNCOR: Will Hit At-Least $55 by 2021 Long

SUNCOR ENERGY INCTSX

Description

Part of my latest series of posts has been on Canadian Energy (and certain parts of US energy) for 2020 and the strong rebound for 2020 and likely lingering into or through 2021.

I've posted my reasons behind this as per my related ideas below so to refrain from excessive repetition I kindly encourage the reading of my other ideas.

Except Suncor to break out of a rising triangular wedge and target 46 then 55. Near the beginning of 2022 it is certainly possible Suncor tops $70.

Top picks: Diamondback Energy, Suncor, Canadian Natural Resources, Tourmaline Oil and Enbridge.

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