Suncor Energy Inc. T.SU

Alternate Symbol(s): SU

Energy Oil & Gas Integrated

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.

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Suncor Energy Inc. > Oil Not Seeing Normal Recession-Related Declines: Sen

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Comment by Bigbear7405on Jul 29, 2022 2:56pm

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Post# 34860828

RE:RE:RE:Oil Not Seeing Normal Recession-Related Declines: Sen

You do undestand that another 10% increase means average cheques people get are 20% low. A 20% paycut across the board would equal a depression. We are already seeing people adjust there spending to neccessites.

Best buy spending slumps as they state:
"As high inflation has continued and consumer sentiment has deteriorated, customer demand within the consumer electronics industry has softened even further," Best Buy Chief Executive Officer Corie Barry said."

Walmart is stating the same thing.

stock tumbled after the retailer slashed its fiscal second-quarter and full-year profit guidance. Blame inflation, which is helping push up overall sales, but crimping shoppers’ ability to spend on anything but essentials.
<a data-cke-saved-href="https://www.barrons.com/market-data/stocks/wmt" href="https://www.barrons.com/market-data/stocks/wmt" "="" target="_blank" style="background: transparent; font-family: Aileron, Arial, sans-serif, Arial, sans-serif; font-size: 16px; margin: 0px; padding: 0px; vertical-align: baseline; text-decoration-line: none; border-bottom: 1px solid var(--blue);">After the close of regular trading Monday, Walmart (ticker: WMT) said it now expects adjusted earnings per share to fall between 8% and 9% for the second quarter and between 11% and 13% for the full year. Excluding divestitures, EPS will decline between 10% and 12% for the full year.

Oldnagger wrote: If inflation goes up another 10 % and oil goes up with it by 10 % , then free cash flow will probably go up by about 20 %. Even more if oil companies stop deleveraging and increase share buy backs !!

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