Suncor (SU)
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Yes, I agree the price has rebound caked into it
from 2010 to 2015 the stock hasn't moved much, whereas most other stocks doubled++
I think this stock is in a lot of pension funds, and they are patient with it
I don't know if any oil names are worth a buy... expect BAD.to but they are a bit different
from 2010 to 2015 the stock hasn't moved much, whereas most other stocks doubled++
I think this stock is in a lot of pension funds, and they are patient with it
I don't know if any oil names are worth a buy... expect BAD.to but they are a bit different
True, it really hasn't moved, but on the bright side, when oil dropped to $40, it still didn't fluctuate out of the norm, proving its resilience. I have position in Suncor becuase of this reason, it acts as a hedge against pretty much everything and I chip off tiny blocks when it rises a bit too much during a week while buying a bit more when it drops during the next. With a healthy revenue stream and ever strong balance sheets, its definitely in my opinion one of the slowest but safest stocks to buy in the country.
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24,069 Posts
Now here is an incredible stock. It is dramatically outperforming its sector, check out this chart of Suncor price divided by XEG
http://stockcharts.com/h-sc/ui?s=SU.TO:XEG.TO&p=D&yr=5&mn=0&dy=0&id=p58124875815
If you're a shareholder, you've really picked a winner here. That's an amazing 5 year outperformance. The sector may be doing horribly, but you're doing the best anyone can hope for within that sector.
Here's the opposite case. Barrick Gold versus the gold sector:
http://stockcharts.com/h-sc/ui?s=ABX.TO:XGD.TO&p=D&yr=5&mn=0&dy=0&id=p73165109168
http://stockcharts.com/h-sc/ui?s=SU.TO:XEG.TO&p=D&yr=5&mn=0&dy=0&id=p58124875815
If you're a shareholder, you've really picked a winner here. That's an amazing 5 year outperformance. The sector may be doing horribly, but you're doing the best anyone can hope for within that sector.
Here's the opposite case. Barrick Gold versus the gold sector:
http://stockcharts.com/h-sc/ui?s=ABX.TO:XGD.TO&p=D&yr=5&mn=0&dy=0&id=p73165109168
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13,126 Posts
CNQ is not far behind and check out IMO. The latter blows SU out of the ballpark. The lesson here is to sometimes look at those with (relatively) low dividend yields and a reputation for project and financial management. Course it helps that all 3 have a downstream position, especially IMO and SU.
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470 Posts
Suncor posts $2 billion loss for Q4 2015. http://www.cbc.ca/news/canada/calgary/suncor-loss-2-billion-fourth-quarter-1.3433015
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5,604 Posts
Anyone tempted to buy more SU if the price falls under $30 again?
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470 Posts
Count me in (at the right price) 
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113 Posts
Interesting. SU is rallying. I was going to wait and see how many percentage it will drop today and possibly next little while. Oh well....
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8 Posts
Just a question - I have a synthetic drip on Suncor for a few years now. The ex div date was Dec 2, and Payment date was 24, but i haven't seen a payment of any kind. Anyone have any insight into what may have happened?
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43 Posts
if its a drip, it typically takes 10 days to see the additional new stock created from the drip. if you get paid out cash, it usually happens that day.
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8 Posts
I'm with TD as well, called them and they said shares had not been released by Suncor yet.
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43 Posts
probably all the stats slowed the process as its around 10 business days for most of my drips.
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2,998 Posts
Haven’t followed this for awhile. Anyone buying here? I’m considering for a locked in rsp. Long term hold
I'm sure some were bought today at $18.42
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24,069 Posts
I wonder if that's going to be a foreshadow of another oil stock crash. When you look at the recoveries of the oil stocks, it didn't really make any real sense considering that the financial impacts of the drop in oil prices hasn't registered yet. With the dividend cut, I imagine there'll be a drop in stock price, but the questions are how far and when?
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