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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%).


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April 05, 2024


Suncor Energy Forecast

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











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



Uncorrelated Stock Forecasts

Assets with little price relationship to SU



BUD Forecast + Options Trading Strategies   BUD  Anheuser-Busch (0.0)


ABUS Forecast + Options Trading Strategies   ABUS  Arbutus Biopharma (0.0)


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


CRTO Forecast + Options Trading Strategies   CRTO  Criteo (0.0)


WULF Forecast + Options Trading Strategies   WULF  TeraWulf (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SU



HE Forecast + Options Trading Strategies   HE  Hawaiian Electric Industries (-0.83)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.83)


RRGB Forecast + Options Trading Strategies   RRGB  Red Robin Gourmet Burgers (-0.87)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.9)


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





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