SU Forecast + Trading Strategies


Bullish Case: SU shows moderate price stability, with bullish options activity (23% higher call volume), and manageable implied volatility decay suggests potential upward price movement.


Bearish Case: Pressure from environmental lawsuits and potential regulatory changes may negatively affect operations, while volatility surfaces indicate increased risk, suggesting potential downside.


Potential Outcomes: Oil price volatility (~60% chance significantly impacting earnings), legal risks from ongoing litigations (~50% chance of operational disruptions), and market volatility (~40% affecting short-term performance).


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July 03, 2024


Suncor Energy Forecast

SU      Suncor Energy











Correlated Assets

Assets that tend to move strongly with SU



SM Forecast + Options Trading Strategies   SM  SM Energy (0.91)


FTI Forecast + Options Trading Strategies   FTI  TechnipFMC (0.9)


CNQ Forecast + Options Trading Strategies   CNQ  Canadian Natural Resources (0.9)


FANG Forecast + Options Trading Strategies   FANG  Diamondback Energy (0.89)


CNX Forecast + Options Trading Strategies   CNX  CNX Resources (0.88)



Uncorrelated Assets

Assets with little price relationship to SU



VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (-0.0)


ARE Forecast + Options Trading Strategies   ARE  Alexandria Real Estate (-0.0)


NE Forecast + Options Trading Strategies   NE  Noble (-0.01)


ASO Forecast + Options Trading Strategies   ASO  Academy Sports and Outdoors (-0.01)


DBRG Forecast + Options Trading Strategies   DBRG  DigitalBridge (0.01)



Anticorrelated Assets

Assets that tend to move strongly against SU



MVIS Forecast + Options Trading Strategies   MVIS  Microvision (-0.85)


COO Forecast + Options Trading Strategies   COO  Cooper Companies (-0.85)


HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (-0.85)


SCO Forecast + Options Trading Strategies   SCO  ProShares UltraShort Bloomberg Crude Oil (-0.87)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.88)





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