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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. The Company 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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Comment by newguy16on Jun 15, 2011 3:02pm
217 Views
Post# 18719955

RE: RE: RE: RE: RE: RE: RE: RE: RE: New Yearly Low

RE: RE: RE: RE: RE: RE: RE: RE: RE: New Yearly Lowhuh?  institutional buyers come in based on when those voodoo charts tell them so !!!

they won't let it dive again, QE3, etc...   this is just a long awaited normal correction after a 2 year run...   global economy is growing slowly.  china and india will ramp up again as normal.  and as an indicator, corporate earnings are generally very sound and by historical statistics, the market is not overbought or pricey on a PE basis. 

the kicker to a double dip is the US debt/deficit situation... they will deal with that with an improving economy AND even if it doesn't get much better, they'll prop the economy up until after the 2012 election...

btw, govt has ALWAYS been in the market !!

fall rally, bank on it...
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