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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > Oil Prices, and SPR Refill
View:
Post by MigraineCall on Mar 17, 2023 2:25am

Oil Prices, and SPR Refill

Twitter, Javier Blas:
The whole WTI futures curve is now below the bottom range of $67-$72 a barrel given by the White House to buy crude for the SPR. That's the **whole curve, including the contract for immediate delivery**. Let's see if the Biden administration pulls the trigger.

And here the response from the Biden administration:

"Why don’t we take this one day at a time," Amos Hochstein, the White House's top energy aide, said in an interview. "We should take a deep breath and wait and see how this crisis right now impacts the oil and gas industry."



https://twitter.com/JavierBlas/status/1636361523206692867
Comment by marketsense on Mar 17, 2023 1:32pm
Bottom line,  never ever trust a politician when they state what they intend on doing. How many examples have there been when they end up doing the exact "opposite" of what they said or promised. They are in general the most unreliable,  fickleheaded bunch of individuals you could ever have in charge of something.  Simply put they are not to be trusted as well as being ...more  
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