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. > 46% Fort Hills stake may end up costing Suncor near nothing

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Comment by mrbbon May 30, 2023 3:43pm

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Post# 35470943

RE:RE:RE:RE:46% Fort Hills stake may end up costing Suncor near nothing

* solvents and electromagnetic radiation (EM) are new technologies that favor SAGD over mining in the near future

- today, Fort Hills has a lower GHG carbon dioxide (CO2) intensity per bitumen barrel than Surmont but that is expected to change in the next couple of years as solvents (propane) and possibly EM technologies are applied to Surmont

just a quick comment, SU had piloted propane injection at Firebag SAGD since 2013, and currently is STILL doing more piloting. It's not easy and simple as just injecting propane and out come bitumen.

Suncor to complete NSolv pilot, evaluate for next step in commercialization - JWN Energy

from Suncor website

We expect to launch a pilot project to evaluate solvent-dominated technology by early 2023.

You see, propane ain't cheap now. Same goes for electrictiy to power EM, my home power rate had doubled since covid years. Good things NG is still cheap (at field level), so making steam is still economically more attractive.
AECO-C Price | Alberta Energy Regulator (aer.ca)

there are advantages and disadvantages for both oilsand mining and SAGD. That's why the big boys (CNQ, SU, IMO) play in both sand boxes.