Suncor Energy Inc. T.SU

For those that are actually....

[mrmomo]

Smart enough to follow the real important news and stuff that's relevant to Suncor & the industry AND just in case you missed it. I haven't seen anything regarding this being  posted here, so for those that want to follow the right people & the real important news items, i'll post this in the link below. I strongly suggest that if you're ardent supporter of the Canadian O&G sector and have a serious vested interest in it, to at the very least read this "interesting" development. As it will give you a heads up and a small peak into what's really going on behind the scenes in the energy sector.

As most of you fine folks know that when someone like Exxon sneezes or makes a move, the whole world stops and it will turn heads. Why? Because companies like Exxon are market leaders & bellwethers and give an indication where they stand and where they are headed in the future. So when major chess pieces like Exxon make a strategic chess move or some important pivotal decision in the indsutry, everyone will notice & take note. And this development is no different.

https://finance.yahoo.com/news/exxon-buy-denbury-4-9-120023990.html

As you will most definitely note (well those of you knowledgeable enough to take noitce!) after you finished reading this story, Exxon payed an eye popping $5B for Denbury or 100K+ per flowing boepd! Now before all of you fine folks run to get your calculators and start coming out with some insane valuations for Suncor based on this metric, i would urge caution AND to actually read WHY Exxon payed such a generous premium. The $5B and thh exorbitant premium payed wasn't actually for the oil but for something else completely. And to find out what that is, i strongly suggest you read the article. This is a real game changer and show with no doubt where the energy sector is headed.

As it pertains to the Canadian O&G sector, i know of only two Canadian operators who are actually involved & pursuing their operations based on a similar strategy as Denbury. The big difference here between those two Canadian ep's & Denbury being that the Canadian producers don't have the actual infrastruture that Exxon payed for. They just have the "implemented plans" and a slight shift in a portion of their operations to operate their business based on a carbon capture & decarbonization model. For those that want to know WHO those two Canadian O&G companies are, its Advantage & HammerHead. There are NO others who are doing this on a meaningful scale aside from those two.

So this is quite the development and a paradigm shift for the industry as a whole, especially when someone as imporant & crucial as Exxon gets 100% onboard. I fully expect for other market leaders like Chevron, Shell, BP & ConocoP to follow suit as well. The key thing to take away from this is the follow quote in the news story and the main point, why Exxon paid so much for Denbury's assets.

"Denbury’s key asset is 1,300 miles (2,092 kilometers) of pipelines dedicated to transporting CO2, critical infrastructure if the US is going to be successful in capturing carbon emissions from heavily-polluting facilities like refineries and chemical plants."

GLTA

[Oldnagger]

LMAO.......Typical Moron mentalitity AND the reasons WHY you have so many social & fiancial probelms in Canada. Too many guys like Mr. Moron which are the problem btw, and not enough solid real smart men like Oldnagger  I'm not a in all things that concern a dumpterfire like Canada BUT even I KNOW that a statement like Exxon is going full time into Carbon Capture  is utter lunacy

[Oldnagger]

My apologies to my spell checker that I needed to turn off for that post  Stockhouse censors where are you when we really need you ?  

[mrmomo]

You need some SERIOUS (why SO SERIOUS lol) help OldlittleNagger.....and i strongly suggest you get it ASAP. So makes sure you keep your appointments (on time btw!) with all you phsychaitrists & therapists and make sure you refill ALLLL your prescriptions on time so you get the required meds for your severe psychological issues. Don't make me make you look more foolish  & crucify

[MigraineCall]

The market absolutely hates this purchase by Exxon. Exxon down around 5% now even with higher oil prices. It was so hated, it was dragging down the energy index, which also dragged down SU. This is a good lesson for other oil companies thinking along those same lines. Exxon, stick to your knitting or suffer the consequences.

[mrmomo]

"The market absolutely hates this purchase by Exxon." Not too sure where you're getting that Migraine, XOM still trading near 52 week highs despite the Denbury purchase AND in comparison to most of its Canadian counterparts. So not really getting where you're going with this..... "This is a good lesson for other oil companies thinking along those same lines. Exxon, stick

[ztransforms173]

- Pathways Alliance https://pathwaysalliance.ca/ - 400 kilometers CO2 pipeline to be BUILT from SCRATCH connecting 20+ CO2 EMITTERS sites in Alberta to COLD LAKE CCS underground storage area - you people are completely LOST z173

[Lawisfun]

What isn't being discussed is the facility work required to feed this new CO2 pipeline.  Costs to add capture facilities is cost prohibitive for all the SAGD facilities on this new pipeline route. Not sure if it's any cheaper for the miners than the SAGD facilities. But I doubt this pipeline ever gets fed. Who knows, economics don't seem to matter anyways when it comes to these

[ztransforms173]

- ENTIRE capital cost of the PA project (facilities + pipelines) is ESTIMATED to be in the range of $ 17 billion+ - a lot of the FRONT-END ENGINEERING and SURVEYING work has already been done - most of the capital gets spent in the 2027-2029 timeframe - FIRST-PHASE to be COMPLETED by 2030 (about 30% reduction in CO2 emissions compared to the 2019 BASE) - the federal and provincial governments

[ztransforms173]

- more INFO should be coming out in the MEG Q2/2023 CC on Friday, July 28, 2023 @ 08:30 ET - MEG CEO Derek Evans keeps a VERY CLOSE WATCH on the Pathways Alliance DEVELOPMENTS and is one of the HEAVY HITTERS along with CVE Board Chair Alex Pourbaix whom many believe is the leader in the PA pack z173

[mrmomo]

Z173......I hope that comment was intentded for OldlittleNagger (because he is truly LOST!) & to a lesser extent, MigraineC. Because that way in which you posted it & replied, it implies the magnificient Momo as well. Meaning ALL 3 of us. So if those were truly your intententions, let me just calirfy that asap....... First, you are totally justfified in directing that comment towards

[Oldnagger]

Oops !! , it seems that Little Oldnagger  has slipped on a giant Mrmomo while walking along the dog path this morning

[ztransforms173]

Secondly, the Pathways Alliance is just a "concept & idea", a work in progress where nothing really substantial has come out just yet from the consortium. So to my knowledge NOTHING of note or real infrastructure has been built for carbon capture & decarbonization by Pathways. - WRONG - $ 10 million pipeline ENGINEERING contract handed out to WOOD to design 400 kilometer CO2

[mrmomo]

Z173.......I know that you're a firm believer & strong supporter of Suncor, and i totally understand that pov, but when you take into account all the facts, you're just making Suncor look MORE than what it really is when you look at the overall picture. By posting all this PathWays stuff, you just keeping confirming, strengthening my point & narrative. Everything you're saying

[Oldnagger]

Essentially all bitumen (other than asphalt feedstock) is upgraded either by coking (by which carbon is removed as coke ) or by hydrocracking in some refineries whereby the carbon is upgraded by hydrogen addition . CCUS is only needed for process plant combustion gases. It is no bigger a deal for Suncor than for anyone else in the world who manufactures any thing that requires petroleum or coal

[mrbb]

you are comparing apples and oranges Exxon US operation is scattered all over the US where as SU oilsands operation and facilities are mostly concentrated.  SU doesn't need a massive network of CO2 pipeline to do their CCS. 

[mrbb]

Exxon still have to spend some more $billions to accommodate their CCS need. Denbury current CO2 pipeline infrastructure already serving existing clients, targeting mostly in CO2 EOR, not much in true CCS.  In Denbury website:  A cost-efficient transportation and storage system accelerates CCS deployment for ExxonMobil and third-party customers over the next decade and underpins