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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 matt2018on Jul 06, 2023 12:33pm
140 Views
Post# 35529410

RE:RE:Can't win.....

RE:RE:Can't win.....Experienced....I called for market pullback last week after the blow out 1st half numbers.  Nasdaq had its best 1st half in 40 years, up over 32+%.  That's not retail money (drop in the bucket), that did that. Also, some of these "grownups" have also been on record as short and/or with piles of cash on the sidelines, where they missed out on some big time gains (on the S&P as well).  To SU specifically, refinery margins are still very good, not quite as good as Q1 but they have everything back on line for Q2 (should even out).  On  production, they can make decent money at $70 US.  This cyber attack is a set back but more focus will now be implemented on controls going fwd so it does not happen again.  Buying opportunity in my view..
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