Q: I bought Suncor for $25 per share during COVID and have been well rewarded. I believe that oil prices in 6-12 months will be considerably lower, but I am aware that there are no guarantees.
Oil sits at $105USD according to my broker's home screen. If we rotate to $80USD oil over 6-12 months I would expect share price attrition for Suncor. I want to capitalize on the current desirability of all oil & gas stocks. Would you advocate for slow selling into current strength? How long might the current extreme revenues buoy the share price?
Any thoughts appreciated!
Oil sits at $105USD according to my broker's home screen. If we rotate to $80USD oil over 6-12 months I would expect share price attrition for Suncor. I want to capitalize on the current desirability of all oil & gas stocks. Would you advocate for slow selling into current strength? How long might the current extreme revenues buoy the share price?
Any thoughts appreciated!
5i Research Answer:
This is of course market timing, and may work, or may not. SU shares have risen in 10 of the...