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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, 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

Comment by Adonis1411on Feb 09, 2021 12:00am
208 Views
Post# 32509442

RE:This was the best name, now it's a dog.

RE:This was the best name, now it's a dog.Juniors got crushed and juniors have enjoyed a run back up. When you have no volume traded, that's how things yo-yo. But those stocks will be range bound.

You say that no one wants heavy, but heavy supplies have fallen off the face of the earth. Venezuelan supply has been crushed, Mexican production and Maya is off a cliff and the US maintains the world's largest refining base for medium and heavy crudes with minimal sources of available, consistent supplies.

Wait for refined products demand and refining runs/utilization to return in the US and see what happens to prices for heavy... US is administering an average of 1.5 million doses of vaccine per day right now. Current run rate to fully innoculate 75% of the population is under 10 months, ignoring single dose alternatives that may come to market like the J&J vaccine (which filed for FDA approval last week). Suncor is lined up well for one hell of a run. They can manufacture and sell whatever products are in demand and are going to turn an impressive amount of cash flow in the next year.

Don't worry about the 5,000 boepd junior that's up 50% in the last 3 months. They won't be around in 5 years. Suncor at these levels is one that you can sit on for the next 5 years and not think about. 
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