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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 Experiencedon Apr 19, 2023 9:40am
122 Views
Post# 35402666

RE:RE:RE:Yikes!!!....All this NOW makes sense....

RE:RE:RE:Yikes!!!....All this NOW makes sense....I don't think the market reaction yesterday and so far today is related to the spill as most of the pros would agree with you that this is really a non event.  As I talked about in my previous post, the greater issue is the AER now reconsidering the extemsion of Fort Hills.  This is a big deal especially since SU spent a ton of money increasing its stake in the project.

For me, as is my way of doing things, I am hoping that the reaction to this gets overblown even more and then there will be the opportunity to cash in on a price inefficiency.
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