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Suncor Energy Inc. T.SU

Alternate Symbol(s):  SU

Suncor Energy Inc. is a Canada-based integrated energy company. The Company's segments include Oil Sands, Exploration and Production (E&P), and Refining and Marketing. Its operations include oil sands development, production and upgrading, offshore oil and gas production, petroleum refining in Canada and the United States and its Petro-Canada retail and wholesale distribution networks, including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicles (EV) stations. Petro-Canada has a network of over 1,800 retail and wholesale locations across Canada, providing customers with a wide variety of fuel and service offerings including low-carbon fuel options. It is developing petroleum resources while advancing the transition to a low-emissions future through investment in power and renewable fuels. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region, approximately 90 kilometers north of Fort McMurray.


TSX:SU - Post by User

Comment by NPCexeon Jan 10, 2022 10:11am
152 Views
Post# 34299570

RE:RE:RE:Honest Question

RE:RE:RE:Honest QuestionWorry not, we will follow suit: trudeau will make sure of it. But yes, SU will benefit if the markets don't collapse in 22
MigraineCall wrote: Surprisingly, other than stopping Keystone XL, I think the inept Biden administration has done more for Canadian oil by killing off the US energy industry than any pro oil Republican government ever could.

It is actually good for us to have competitors weakened and beat down in our only market by a hostile government with limited permits, fracking hurdles, environmental restrictions, choking off their supply of capital, and increased costs and investment risks for drilling.

Meanwhile, there are other problems. Existing rapid depletion rate shale wells produce less and less each day, even as they chewed through that big DUC backlog bringing more wells into production. Increased drilling and fracking efficiencies have helped, but as they run out of first tier formations, it is more difficult than before to add new wells to replace depleted wells in order to keep production flat. All the pretty girls have already been asked to dance, now they must choose from the ones left, and some are skinny and flat as a 1 x 4, with buck teeth and one eye looking at their shoe.

So, in Biden's futile attempt at an immediate energy transition, let them continue to draw down their SPR reserves and wave frantically for help by begging OPEC+ to increase production, while keeping a boot firmly on the throat of home industry. They deflect blame onto profitable oil companies for high gas prices, while we witness total crude and product inventories drop each passing day. If this policy continues, it will ensure future supply shortages along with higher prices which will be a main driver of inflation, as energy is such a large component in input costs of everything. Good for a Suncor investor.

Someday they will fiinally learn that they are dealing with an energy addition, not an energy transition. It won't be anytime soon.

Until then, as neighbours, we can quietly watch them burn the furniture to heat the house.

than a
Experienced wrote:
Konaboy wrote: Seriously, zero political tone or troll intended.

Assuming mid-terms see the house and senate turn red, will we see any material changes to the US supply scenario? 
Great question!!!

The short answer is NOPE.  The same is true for inflation.

There are many reasons but they can be boiled down to two.


1.....under the US Constitution the each state in the US controls everything except international affairs and so for example one of the problems with the supply chain are trucking rules imposed by the State of California.  Doesn't matter what political colour is in Washington nothing will change unless the colour in California changes and that will not happen until the second Tuesday of next week..

2...the other reason is that previous US Administrations, Blue and Red, have sold the US out to China.  Saw a clip today of the Governor of South Dakota talking about food inflation and she said that the problem in her state is that the Chinese own the meat packing industry in her state and ignore anything she wants to do.





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