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.

TSX:SU - Post by User

Suncor Energy Inc. > And here's the new range:

<< Previous

Bullboard Posts

Next >>

Comment by MaximusGainuson Sep 13, 2022 2:15pm

177 Views

Post# 34959988

RE:RE:And here's the new range:

Unlike China, he can't fill it with sanctioned Russian oil at $60. LOL!

MigraineCall wrote: To be more clear, it is not really as much as a range, but thresholds of price levels that goverrnments are happy/unhappy with.

The Saudis will act to keep prices higher when below $100.
The Biden admin will allow it to go down to $80 then start buying.

If they follow through with this, there is a floor of $80, as both sides take actions that will support prices.

On the upside, there is very little Biden can do anymore to try to bring it lower. He's out of bullets.

Bullish.

MigraineCall wrote: With Canadian oil stocks trading now at low multiples and around a $50 to $60 WTI valuation, this range ought to take a lot of risk off the table.

https://twitter.com/JavierBlas/status/1569744016677257219

Javier Blas

@JavierBlas

The new state-controlled oil price trading band: The Saudi Arabia put is at $100 a barrel
The White House call is at $80 a barrel #OOTT #EnergyCrisis

12:45 AM · Sep 14, 2022 Twitter Web App