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. > We are having are cake and eating it

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Comment by mrbbon Apr 12, 2024 10:34am

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Post# 35985556

RE:We are having are cake and eating it

commodities are doing great and yet CAD is in the dump, at 0.7263 currently.
The world has no confidence in canada while true dough is running canada.
Luckily commodity are selling at world prices in USD so that cushion alot if one has commodity holdings

lifeisgood1010 wrote:
CAD$ is at it's lowest level of 2024, AECO nat gas is also at it's lowest level.
Crack spreads in CDN$ are near $42 and WTI is also at it's high for the year.

Last time we saw WTI at these level in CDN$, it was in Oct. 2023 but at that time spread were
$13 lower.This is huge for Suncor's profitability

We are only 12 days in the new quarter but if price stay in this area,my back of the
envelope calculations give me that Suncor will have an increase of about 70 cents to
it's EPS in Q2 vs Q1.

Yes, it's early in the quarter but things are trending in the right direction.

IF your an fund manager and want to beat your bench mark, you need to
be in the energy sector.

Underperformer will have no choice but to get in.

Staying long.

Nice weekend to all