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Bullboard - Stock Discussion Forum 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... see more

TSX:SU - Post Discussion

Suncor Energy Inc. > Oil Price Jump
View:
Post by mrbb on Apr 19, 2024 12:43am

Oil Price Jump

on report of explosion in Iran

WTI jumped to 86.15 but now settling around 84's

WTI Crude 84.72 +1.99 +2.41%

Oil prices jump over 3%, near $90 on reports of explosions in Iran (msn.com)

Comment by Torontojay on Apr 19, 2024 7:43am
Oil is going up for all the wrong reasons. 
Comment by Lupuslupus on Apr 19, 2024 9:17am
At $75 oil producers are printing money we don't need oil to go higher than $80 -  this looks like the upper end of the sweet spot, allowing oil producers to maximize profits, while not triggering recession/ inflationary pressures and where it's still keeps new drilling in check while some here may be hoping for escalating situation in the ME, it is not something that would be good ...more  
Suncor Energy Inc.