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...
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 $XEG.CA for canadian energy oil gas etf.
Suncor potential upside to 24 dollar range (~10%). The idea is based on trend but also the prospect of a stimulus bill sending stocks into a Christmas rally early next week. Cheers!
Buy Price: 22.41
Suncor has been another fantastic play since the 15$ 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.
Hello fellow traders,
Today we are looking at Suncor Energy Inc (SU) on the TSX. As we can see, following the COVID dump in March, the chart has printed a nice double bottom around $14 on the daily time frame. Prices have moved above all EMAs except for the 200 EMA , which is currently being tested for a breakout. We also see some large buying volume coming in...
as you can see Suncor energy has almost finished a 30 years elliott wave grand super cycle, (almost since i was born ^^) and the giant oil and gas company took a hit as many leading company in the oil industry, i think it is going to take a lot of time to recover, but i believe this company is too big to fall, also i believe it is a golden...
For 20 years, the market has never had anything but dips to buy. Even the 2008 "Financial Crisis" was just a dip to buy. Even the March illusion of a pandemic was just a dip to buy. However, a pendulum always swings from one side to another. What throws people off and makes trading so difficult is that you can know:
Where the market is going
SU SUNCOR is oversold, and I'm using 3 indicators to confirm that.
The reasons why I bought now:
Warren Buffett added SU
George Sorros added SU
and lastly, because it is oversold.
It is also a common consensus that this company will flourish if JB wins the US election.
Happy trading and hit like if you found this useful and helpful.
-Head and shoulder, failed at new high, sign of weakness.
-Overall bullish, Suncor's assets alone are worth around 16$.
-Short term, Oil taking a hit with consumer's sentiment shifting towards renewable energy + OPC cuts.
-Pre-COVID levels indicated regular increase in Oil consumptions, we're far from being OIL free.
-If 17.47 small support breaks, I'm out.
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...