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. > The Oil price change today

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Comment by mrbbon Mar 10, 2022 2:43am

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Post# 34501941

RE:The Oil price change today

MaximusGainus wrote: I'll tell you exactly what happened.

It dropped to open up a humanitarian corridor so the last remaining bears could get out.

-War is still on.
-about 4m bbls of Russian crude is off the market. (Affects the US starting in May!)
-Inventories dropping.
-Demand increasing
-Iran deal is priced in.
-Venezuela's oil infrastructure is in disrepair.
-The last buffer of additional production capacity UAE, Saudi, and Kuwait capacity of 1.5m bbls if it comes online won't make a dent.
-SPR is draining quickly
-Saudis won't even pick up the phone ignoring Biden

We all know where this is heading long term: Higher!