Back

Bullish Case: SU's price increase over the past decade, steady dividend payments, and positive earnings surprise suggest long-term growth despite market volatility.


Bearish Case: Exposure to environmental penalties, uncertain climate litigation outcomes, and inherent energy market risks may drive bearish sentiment.


Potential Outcomes:

1. Legal developments in climate litigation resolve favorably (30%);

2. Stable oil prices continue supporting earnings (40%);

3. Dividend attractiveness maintains investor interest (30%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 05, 2024


Suncor Energy Forecast

SU        Suncor Energy
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with SU



BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (0.9)


SM Forecast + Options Trading Strategies   [SM]  SM Energy (0.9)


MTDR Forecast + Options Trading Strategies   [MTDR]  Matador Resources (0.9)


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


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



Uncorrelated Stock Forecasts

Assets with little price relationship to SU



SPR Forecast + Options Trading Strategies   [SPR]  Spirit Aerosystems (0.0)


ROL Forecast + Options Trading Strategies   [ROL]  Rollins (-0.0)


SANA Forecast + Options Trading Strategies   [SANA]  Sana Biotechnology (-0.0)


ABT Forecast + Options Trading Strategies   [ABT]  Abbott Laboratories (-0.0)


DFS Forecast + Options Trading Strategies   [DFS]  Discover Financial Services (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SU



XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (-0.82)


HE Forecast + Options Trading Strategies   [HE]  Hawaiian Electric Industries (-0.82)


RRGB Forecast + Options Trading Strategies   [RRGB]  Red Robin Gourmet Burgers (-0.85)


DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.89)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (-0.9)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!