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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.


TSX:SU - Post by User

Suncor Energy Inc.
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Post by goldishon Jun 16, 2009 10:37am
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Post# 16073947

CAPP in Calgary: Strange bedfellows at Syncrude

CAPP in Calgary: Strange bedfellows at Syncrude
CAPP in Calgary: Strange bedfellows at Syncrude
Posted: June 15, 2009, 3:16 PM by Drew Hasselback
Energy, Calgary, Carrie Tait, Canadian Association of Petroleum Producers Oil and Gas Investment Symposium

Marcel Coutu's comments about one of his No. 1 competitor joining the Syncrude oil sands partnership managed to be both vague and accurate at the same time. Canadian Oil Sands will soon share Syncrude with Suncor Energy Inc. after Suncor absorbs Petro-Canada.

The two have been neighboring rivals for decades. Asked what it will be like having Suncor on its team, the chief executive of Canadian Oil Sands replied:

It would be strange bedfellows, to say the least.

There may be more expertise sharing, but the ball is in Suncor's court on that one, he told reporters after presenting at the Canadian Association of Petroleum Producers' Oil and Gas Investment Symposium in Calgary on Monday.

Rick George, Suncor's top boss, said he does not want to ditch any of Petro-Canada's oil sands assets.

So, would Canadian Oil Sands rather see Suncor stick to its side of the highway? Coutu wouldn't comment on that one.

Carrie Tait

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