World Oil Prod 101.8 million SU Prod .748 million I was going through Suncor, CNQ and CVE oil production data tonight in advance of Suncor's end of trading day tomorrow Q2 report.
Suncor's daily production of approximately 742,000 barrels is not that far from 1% (.72%) of world daily oil production. That is a significant portion of world oil production especially when you consider the decline rate for most of the production is 0.
CNQ and CVE have significant volumes as well but of course have significant natural gas in their total BOE/d.
These 3 companies are definitely important on a world scale.
j know several posters on the SU site are not that interested in SU or even hold SU shares, but they are certainly relevant on a world scale. Hopefully tomorrows report will be a nice treat for all SU shareholders and a down day for all the short and hedge fund players hoping for a bad report. Also will be great to get rid of the activist shareholders who have done so much harm to Suncor in the past .