TradeTheTrends

SU, TIME TO BUY!

Long
NYSE:SU   Suncor Energy Inc
Hello, fellow traders and investors SU and other oil & gas companies have sold off in the past weeks and they look like interesting buying opportunities. My personal favorite is suncor since it offers a good ROI and they are slightly profitable, unlike many others. If SU makes a recovery to the take-profit area it offers a 22% ROI .

Entry: Now
Take Profit: ~25.75$
Stop Loss: ~19.60$

Technicals:
-RSI=Oversold
-Moving averages still indicating a downtrend

Fundamentals:
-Description: Suncor Energy, Inc. is an integrated energy company, which develops petroleum resource basins. Its activities include oil sands development, and upgrading, onshore and offshore oil and gas production, petroleum refining, and product marketing.
- Market Cap: 32.96B
- Sales Last 12 Months: 20.61B
- P/E: 1402.67 (because of how low oil & gas sells for currently)
- P/S: 1.60
- Debt/Equity: 0.57
- Sales growth Q/Q: 17.50%
- EPS growth Q/Q: 123.40%
- Profit Margin: 0.10%
- Short Float: 0.61%

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Comments

Great analysis!
+2 Reply
TradeTheTrends NurseRickD
@NurseRickD, Thanks
Reply
Good job! ✔🦐
+1 Reply
TradeTheTrends Helical_Trades
@Helical_Trades, Thanks
Reply
Love your posts/call-outs! Keep it up and thanks man
+1 Reply
TradeTheTrends bluemushrooms
@bluemushrooms, Thanks for the support :)
Reply
Do you think Suncor is a good buy?
Reply
rubiconcrossing TradeTheTrends
@TradeTheTrends, Just keep in mind they've got an entirely different cost structure than a driller. Extracting oil out of tar sands is much more costly than drilling. It costs around $30 BBL just to process the sand + $7 BBL for transport + $10 BBL for capital - so more like $47/BBL. Just watch Brent crude and bail if it slides under $55-$60. Other than that - great company - well run.
Reply