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.

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Suncor Energy Inc. > NAS approaching bear market status as it is down 17%

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Comment by mrbbon Jan 25, 2022 4:28pm

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Post# 34359697

RE:RE:NAS approaching bear market status as it is down 17%

how about precious metals? Would gold/silver benefit from the inflation and economic turmoil?

MigraineCall wrote: Yes, agreed.

Along with Experienced, I think we will get some higher interest rates, with the market expecting a single 25 bp initial hike announcement.

Also, Ukraine and Taiwan have the higher risk to happen at the same time after the Beijing Olympics, as well as China property debt issues surface after closing ceremonies.

I would not want to own anything other than oil at the moment. It seems invincible to the markets with the current supply/demand situation and dropping global inventories, and excellent insurance to hold for future inflation and economic turmoil.

Obscure1 wrote: It feels like the December 2018 plunge on interest rate concerns but with more problems.

Will the teeter totter swing back up like it did in 2018, or will one or more of Covid or Russia/Ukraine or China/Taiwan or N.Korea/S.Korea or Evergrande or the inability to service debt or a widespread and unrepairable breakdown in the electrical grid put the hammer down on the markets?

What a terrible time in the history of mankind.