Suncor Buy Before the earnings $SUTSX:SU Revenues are Relatively stable throughout the past quarters :
All Billions of $ 2023
Q1 11.91$
Q2 11.72$
Q3 12.65$
Q4 12.81$
2024
Q1 12.38$
Q2 12.89$
The Operating Expenses are not increasing too much
Q1 11.91$
Q2 11.72$
Q3 12.65$
Q4 12.81$
2024
Q1 12.38$
Q2 12.89$
Not many losses ; Earnings are consistent ; Interest expenses are below zero ;
Debts levels are low ; Account receivables has increased which is not good ; Inventory has increased which is not good. ; Short-Term Debt is relatively low
Operating Cash Flow Is Positive and has grown from Q1 to Q2 ; Capital Expenditure Is Below zero ; Free Cash Flow Is Above 1 bn and it's growth is above 50%; No Short-term or Long term debt has been issue during Q2.
My Take Profit Is not Far from the entry price. This is a Quick Swing Trade.
