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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 Wynjoeon Sep 26, 2022 7:58pm
284 Views
Post# 34988138

RE:RE:RE:A Month From Now This Is All History

RE:RE:RE:A Month From Now This Is All HistorySince way before oil's covid collapse in March 2020 ,there was a building glut of oil .Before this the world was finding ways to rid itself of fossil fuels. With every windmill,every ev ,and every other energy alternative, (and there's many,and growing daily),oil as an investment ,takes a hit.The oil glut is still here,it's just that instead of oil companies reinvesting, they have been paying back shareholders in ever increasing dividends and loan buybacks. Suncor has been blacklisted, from Norways wealth funds to Quebecs pension funds,and more financial institutions then you could name here.$30.00 is coming ,with recession worries and interest rates rising daily,top this with environmental concerns, Suncor may be a temporary sell.Suncor has dropped over 11 percent in two days,this is very BAD.I believe oil prices will retest $70.00,let's hope it holds,however,I also believe Suncor is a very strong buy and hold!!!!
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