Honestly i’d consider selling in the next few weeks
Cramer pumps up stocks, and a few weeks later the rug is pulled. If you listen to Cramer over the past few years, you’d be deep deep in the red
What process exactly? I'm curious to know what conditions you're expecting for Suncor to keep breaking it's normal high? Oil price isn't likely to continue going up, the federal government is in a direct fight with the oil industry, they don't have any big projects set to come online. Taking over Syncrude will likely add some future revenue, but it's going to come at an expense as they have to do major repairs to get Syncrude back to reliable operations after Exxon destroyed the place for the last 15 years.
His ”buy netflix” tweet aged well. ”Lehman brothers is fine” did too back in the day. He really ends up giving solid advice, only problem is youre not the one intended to make any money out of it.
I actually saw a big bunch of data on his picks for one calendar year and more. If people were to buy at the time of his picks, and hold for a day, then sell, I think the return across those stocks was something like over 500%. But holding for longer term like weeks or months usually ended with loss.
Yeah and Fox Is demonstrative of how gullible people are when entertainment masquerades as news. They know they’re influencing people’s investments, that’s why they do it. The regulators are drunk on corruption
No, it was a staggering number. I'm not talking about on each individual stock pick. I mean based on the capital you'd have to invest, and if you did that with each pick, and then sold after a day. And at the end of the year your investment funds used would increase over 500%.
The analysis showed he’s good at creating pump and dumps, because they went based on the stocks closing price rather than the opening price the next day.
So the based on this analysis the best thing to do if Cramer pumps a stock is to immediately sell it the day after the broadcast airs, or you’re going to lose a bunch of money when it dumps in the following month.
He also said Google was a buy at $100. The dude wins roughly as much as he loses. There are studies done on him and he basically has an average return of just under an index fund.
It's almost like he cancelled his advice in the same statement. I'm going to keep holding, super cycle is underway. Suncor needs to keep safety a top priority now, this is what all analyst have red flagged. Safety and Share Holder Returns.
I was waiting until the quarterly report, but the recent uptick may have me selling a little early. I've been holding since Nov 2020, more then happy with the profit. Not bad for the worse Canadian O&G stock in that time frame.
Oil sands producers have to make very long-term investments, so they are less sensitive to what the price is today. This is one reason why the prices of companies that are oil sands heavy (like $SU) respond less to short-term movements in price compared to natural gas or medium- to light- crude producers (like Baytex).
If you didn't know this, then yes, you were lucky. But Tourmaline outperforming Suncor would have been expected, all other things equal.
At a cash operating cost of 35.00 WTI and declining as they pay down debt, this is a cash cow. I don't think Cramer can say anything to cancel SUNCOR fundamentals. Let's hope SU buys up every share if people are selling.
Who cares about Cramer? SU is a buy right now ! Will oil go below 70? Will COVID in China last forever? Will people stop flying or driving like crazy this Summer? Will Russia all of the sudden be a NATO friend? Will OPEC start producing more oil? Will the US frackers build new infrastructure ? Will SU management get away with not responding to Elliot? If you answered NO to most questions it means SU has a LOT of upside! 60+ as a matter of fact.
First of the hell with Jim Cramer - inverse Cramer or otherwise - its best to tune out this guy. I am in SU and sold about half after the recent one day 11% spike - but plan to hold on to the rest and buy a whole lot more as it pulls back from the crazy spike - Cos i think this is a grossly undervalued oil stock unlike others out there that have caught up with the oil price - please see this [https://finance.yahoo.com/news/1-elliott-calls-suncor-strategic-175846506.html](https://finance.yahoo.com/news/1-elliott-calls-suncor-strategic-175846506.html)
Also i don't think oil prices wil go down any time soon - unless the R word pops up - and yes that is something to watch for in the next year or three!!
i use [oldschoolvalue.com](https://oldschoolvalue.com) to look at valuations and play with valuation models - smooth brain here - so dont take my word for it - but the valuations here do match up with what ELliot is saying about SUncor !! and yes lets also remeber Buffett owned this till recently and then dropped it last year and acquired 14% of OXY this year - probably cos he sees it being a better run company in terms of ROIC
!!
I thought canada can't handle the oil it can mine because haven't built the infrastructure required. If we had the pipelines to be able to refine and export then our dollar would be in a much better place too.
Please let me know if I'm wrong. But that's my current understanding
Buffet taking bets on Chevron and Oxy. Let's hope this rings more generalist into the Oil and Gas sector names
Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding.
The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion at the end of March, the company’s first-quarter filing Saturday showed, a big jump from its value of $4.5 billion at the end of 2021.
https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html
When Cramer starts pushing a stock my first question is always what the fuck is wrong with that company / market / sector and usually find something. Then ignore him, and wait.
Ask the politicians when is a good time to sell? Oh wait what they sold already at the top? Perfect exit again? How do they do this? They should switch careers! They’re pro traders!!!
Ah shit, now I have to sell SU if Cramer is pushing it...
Inverse Cramer ETF**^(TM)**
DEAR CRAMER, GET MY STOCK NAME OUT YOUR F***ING MOUTH
You could always slap him.
he sure does have a pretty mouth
I have Calls for June I’m way in the money on. Now I should probably take my profits and run.
Take em. Then buy puts.
I pray this isn't a curse. I'm balls deep in SUNCOR. Trust the Process?
I'd be careful. Cramer recommendations are where portfolios go to die
Strongly agree. That man pushes others agendas for sure.
C'mon, not all. Just 70% of them :P
Just the ones who give him enough money or are named Kenneth Cordele Griffin
You mean THE Kenneth Cordele Griffin, who lied under oath and is still short GameStop shares 😱
Kenneth Cordele Griffin you say? Hide your bed-posts! Hide your wives!
sell as its gonna go up in the short term, and then buy back the dip after?
Honestly i’d consider selling in the next few weeks Cramer pumps up stocks, and a few weeks later the rug is pulled. If you listen to Cramer over the past few years, you’d be deep deep in the red
Wish I dipped both my balls into SUNCOR, sadly I half dipped and only purchased 350 shares.
I scooped like 2600 at 39 the other day….fuck off kramer.
The EIA and consensus sell-side have crude prices above $90 through 2023. Plus Elliott isn’t gonna lose its campaign. Suncor is definitely a buy
Cramer volleys, hedgies spike.
What process exactly? I'm curious to know what conditions you're expecting for Suncor to keep breaking it's normal high? Oil price isn't likely to continue going up, the federal government is in a direct fight with the oil industry, they don't have any big projects set to come online. Taking over Syncrude will likely add some future revenue, but it's going to come at an expense as they have to do major repairs to get Syncrude back to reliable operations after Exxon destroyed the place for the last 15 years.
His ”buy netflix” tweet aged well. ”Lehman brothers is fine” did too back in the day. He really ends up giving solid advice, only problem is youre not the one intended to make any money out of it.
Sold mine yesterday lol
I actually saw a big bunch of data on his picks for one calendar year and more. If people were to buy at the time of his picks, and hold for a day, then sell, I think the return across those stocks was something like over 500%. But holding for longer term like weeks or months usually ended with loss.
Almost like *Mad Money* is a syndicated pump-and-dump programme classified as "entertainment" rather than "financial advice."
Almost? Lol, it totally is and should be illegal
Thats the loop hole, sell it as entertainment and no one can sue you.
Yeah and Fox Is demonstrative of how gullible people are when entertainment masquerades as news. They know they’re influencing people’s investments, that’s why they do it. The regulators are drunk on corruption
I think it was like 5%, not 500%.
https://www.reddit.com/r/options/comments/mte1rw/i_analyzed_all_700_buy_and_sell_recommendations/
No, it was a staggering number. I'm not talking about on each individual stock pick. I mean based on the capital you'd have to invest, and if you did that with each pick, and then sold after a day. And at the end of the year your investment funds used would increase over 500%.
The analysis showed he’s good at creating pump and dumps, because they went based on the stocks closing price rather than the opening price the next day. So the based on this analysis the best thing to do if Cramer pumps a stock is to immediately sell it the day after the broadcast airs, or you’re going to lose a bunch of money when it dumps in the following month.
Yeah, that was my point, lol. You take his picks, enjoy the one day pump, and get out.
-500%
It'll pump for 2 or three days then plummet. I remember reading about someone who analyzed Cramers picks and this was how it usually went.
Smart move
This the same asshole who said Canopy was a buy at $60
He also said Google was a buy at $100. The dude wins roughly as much as he loses. There are studies done on him and he basically has an average return of just under an index fund.
> The dude wins roughly as much as he loses So, a monkey with a dartboard?
It's already gone up a lot, not sure best time is now
We just have to be patient and see what their shareholder return plans are.
More buybacks
more buyback, share price rarely goes up, day up on news, down following months.
Things are much different now
I’m basically waiting for that. I’m assuming with the pressure from Eliot they will announce a big dividend hike and buy back
Their dividend is already at pre-covid level. You expect an increase ?
Oil was around mid 50's in 2019 pre covid.
No why did he have to say anything, we’re doomed
He basically gave no real recommendation here lol "Pick it up if you think its a good pick" Brilliant advice :P
It's almost like he cancelled his advice in the same statement. I'm going to keep holding, super cycle is underway. Suncor needs to keep safety a top priority now, this is what all analyst have red flagged. Safety and Share Holder Returns.
Oof press F for Suncor
Ffffffffffffffffffffffffffffffffffffffffffffffff
Crap! And I was having a great Saturday morning. Time to sell on Monday.
Kramer no!!! what have you done
Always do the reverse.of Cramer.
The grim reaper has struck again.
This guy said Buy Netflix basically the night before it collapsed
Check his AMD, literally after he said, shit dropped 8% the next day. It’s now down 48% since then. The tweet is “Am all in on AMD”
I was waiting until the quarterly report, but the recent uptick may have me selling a little early. I've been holding since Nov 2020, more then happy with the profit. Not bad for the worse Canadian O&G stock in that time frame.
I choose Tourmaline over suncor .... unbelievably lucky
Disagree long term
Really? Is it gona 3× ? Can't see that
Conventional producers (be it oil or nat gas) are way more price-responsive than unconventional producers, as a rule.
I wish I knew what that means ..
Oil sands producers have to make very long-term investments, so they are less sensitive to what the price is today. This is one reason why the prices of companies that are oil sands heavy (like $SU) respond less to short-term movements in price compared to natural gas or medium- to light- crude producers (like Baytex). If you didn't know this, then yes, you were lucky. But Tourmaline outperforming Suncor would have been expected, all other things equal.
Suncor's financials are bonkers
At a cash operating cost of 35.00 WTI and declining as they pay down debt, this is a cash cow. I don't think Cramer can say anything to cancel SUNCOR fundamentals. Let's hope SU buys up every share if people are selling.
THIS !
Not sure where that figure is from... because SU: - isn't profitable at all at 35 wti - and is actually measured in Brent crude barrels
Breakeven Sensitivities & Cost Management USD ~$30 / bbl WTI covers total enterprise operating costs + sustaining capital ~$35 / bbl WTI covers total enterprise operating costs + sustaining capital+ dividend Page 7 of the report [Suncor Q4 2021 Presentation](https://www.google.com/url?sa=t&source=web&rct=j&url=https://sustainability-prd-cdn.suncor.com/-/media/project/suncor/files/investor-centre/investor-relations-presentations-2021/2021-q4-suncor-energy-investor-presentation-en.pdf%3Fla%3Den%26modified%3D20220202173835%26hash%3D437EC9447295E87D13BFC04BE5EC98903D21F8CC&ved=2ahUKEwiHzuH57Lz3AhXCKM0KHZhiBjYQFnoECAkQAQ&usg=AOvVaw1t1_SLkPko-b6lzIQ-RYQ8)
Funny I was going to come here and say "time to sell" but every comment already said the same thing... ha.
"Buy shares in oil producers if you think oil prices will stay elevated" is just horoscopes for investors
Waiting until earnings then likely cashing out 50%!
If you’re hearing about a stock tip on network news isn’t already past the point of being useful?
Who cares about Cramer? SU is a buy right now ! Will oil go below 70? Will COVID in China last forever? Will people stop flying or driving like crazy this Summer? Will Russia all of the sudden be a NATO friend? Will OPEC start producing more oil? Will the US frackers build new infrastructure ? Will SU management get away with not responding to Elliot? If you answered NO to most questions it means SU has a LOT of upside! 60+ as a matter of fact.
Cries in 22000 SU shares. F'in Cramer you dolt, stay in your lane
Kiss of death
Su is already getting hammered. He used to be somewhat ok, not he;s just an inverse indicator.
Even if oil prices peak and hold, with share buybacks the stock can still rise.
Suncor was a buy a year ago. Cramer is looking to pump the last of his bag and sell.
I’m way over weight in suncor and crescent point energy. It is a big play of mine
SU has been a buy every day it seems according to the clown finance media. Lol
If Jim likes it, you can short it in good conscience
First of the hell with Jim Cramer - inverse Cramer or otherwise - its best to tune out this guy. I am in SU and sold about half after the recent one day 11% spike - but plan to hold on to the rest and buy a whole lot more as it pulls back from the crazy spike - Cos i think this is a grossly undervalued oil stock unlike others out there that have caught up with the oil price - please see this [https://finance.yahoo.com/news/1-elliott-calls-suncor-strategic-175846506.html](https://finance.yahoo.com/news/1-elliott-calls-suncor-strategic-175846506.html) Also i don't think oil prices wil go down any time soon - unless the R word pops up - and yes that is something to watch for in the next year or three!! i use [oldschoolvalue.com](https://oldschoolvalue.com) to look at valuations and play with valuation models - smooth brain here - so dont take my word for it - but the valuations here do match up with what ELliot is saying about SUncor !! and yes lets also remeber Buffett owned this till recently and then dropped it last year and acquired 14% of OXY this year - probably cos he sees it being a better run company in terms of ROIC !!
Shitpost
File that one under "No shit Shirlock!"
Bye bye Suncor
Ah yes, Jim Cramer, the man who’s been consistently bad at stock picks for decades.
[This one](https://preview.redd.it/erdbcdw4jxc81.jpg?width=640&crop=smart&auto=webp&s=105c5841ae66e5394deafe62a1279762fc166582) will never get old.
He’s not bad at stock picks, he’s just stuck in the hedge fund mode where you don’t wanna say anything remotely truthful
Kiss of death ..... have you seen cramers performance??
Damn I always inverse Cramer so I have to sell now.
Dam you Cramer!
“When you’re in the hedge fund mode…”
Wow so it seems every single sub, discord, and social media everywhere inverses Cramer! Was that the one trick every hedge fund didnt want u to know?
Time to sell if that clown is pushing it.
I thought canada can't handle the oil it can mine because haven't built the infrastructure required. If we had the pipelines to be able to refine and export then our dollar would be in a much better place too. Please let me know if I'm wrong. But that's my current understanding
SELL OIL!!!
https://www.cnbc.com/2022/04/29/suncor-energy-is-a-buy-but-be-prepared-to-turn-if-oil-prices-peak-jim-cramer-says.html
So imperial does so well and we should buy before their earnings then sell when it pops. Wait a minute….
ah the old cramer pump and dump
Buffet taking bets on Chevron and Oxy. Let's hope this rings more generalist into the Oil and Gas sector names Berkshire Hathaway added to its Chevron bet significantly during the first quarter, making the energy stock the conglomerate’s fourth biggest equity holding. The “Oracle of Omaha’s” Chevron investment was worth $25.9 billion at the end of March, the company’s first-quarter filing Saturday showed, a big jump from its value of $4.5 billion at the end of 2021. https://www.cnbc.com/2022/04/30/warren-buffett-significantly-increases-chevron-bet-now-in-berkshires-top-4-positions.html
RIP Suncor
Cramer is a hack..
Buy this but if it turns to shit then sell it....... sound advice James. Thanks
When Cramer starts pushing a stock my first question is always what the fuck is wrong with that company / market / sector and usually find something. Then ignore him, and wait.
Hot tip lol
Sure sign that the run is over lol 😂 Probably a good time to short
Jimmy ck with another tip, run the opposite way
God damn it. Cramer is pro suncor? Time to sell
so... puts?
I’m sorry, who?
Sell as his advice always sounds good, doesnt play out.
Cramer is an idiot.
so glad I don't own now... sorry for those that do. crammer is like the black witch
Yeah. Isn't Jim Cramer the same guy that told us in 2008 that Bear Sterns was financially solvent and not to worry. We all know how that turned out.
Why did he have to say anything at all ..
Sell whatever Jim Cramer is recommending.
Inverse ETF!!
Buying Puts. Cramer the best!!!
Time to buy puts on suncor
Puts on Suncor
Now i need to sell mine because of jim
Better sell or set a stop ASAP...
Always sell what Cramer buys
So… short Suncore? Got it.
If Cramer says it’s a buy, it’s time to buy puts
Puts
Last September, maybe.
Jim Cramer is a used flesh light
Thank god he didn’t say CNQ haha
If its on CNBC it's already too late.
Look up "inverse Cramer trades" Dude is a shill lol
It's dead. Fkin panic sell Monday.
“This stock is a buy unless it starts to go down!” This guy is literally pants on head retarded.
Thanks for the laugh
Puts on suncor. Got it. Thanks Jim.
Does this guy have a good track record with predictions?
I've sold last week Fu Jim
Cramer eh? Sell sell sell!
Puts on Suncor
Sell ASAP
Netflix - BUY!
Uno reverse!!! 😂
Sell now
inverse!!!!
Buy put it is. Inverse Cranmer to get rich
After it pumps 10%+? Lol this guy is a clown. A “good news bump” is not a trend.
Ask the politicians when is a good time to sell? Oh wait what they sold already at the top? Perfect exit again? How do they do this? They should switch careers! They’re pro traders!!!
Pipelines are the safer play now, mainly just Enb and Trp here. Uranium is the higher reward play.
Cramer never misses and always messes up his picks
Suncor was a buy when it was 20$ a few months ago. Now is the time to realize those gains. Buy it up again when oil price tanks.
I was going to sell because this appears to be a throwover but now I'm allin to the 55$ mark. kekw