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. > FIRST

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Comment by ashfordon Mar 17, 2023 9:35pm

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Post# 35346396

RE:RE:FIRST

Lawisfun wrote:
Sing it sister.

All my project budgets are being flashed up to account for escalations in material, labour, and equipment prices. In some cases we are 40% higher costs than historical metrics.

All our contractors are demanding increasing travel and perdiams. Rightly so.

Certainly won't be buying back any shares with free funds from operations stifled at $65 WTI.

Maybe decision to wait to refill SPR is a sign administration is confident oil prices heading lower. And I trust they have levers to pull to realize that prediction.

Hopefully this demonstrates how quickly things can change and reinforces resolve in companies to not grow production. Just maximize free cash flow and return to shareholders (who are taking all the risk).

Unless your a banker then risk is taxpayer obviously and of course banker boys get a big bonus when company goes broke. Thanks Biden and friends

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