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. > Winners and losers

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Comment by Experiencedon May 25, 2022 7:57pm

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Post# 34707807

RE:RE:Winners and losers

mrbb wrote:
the silent losers are the 3rd world countries who have no skin or involvement in the russia-ukraine-NATO conflict but have to suffer from it . Sri Lanka is now out of food, gas, and cash. More poor countries will be the next on the headline news.

Sri Lankans running out of food, fuel and medicine | DW Learn German

Obscure1 wrote: Winners:

China and India:

They are buying oil at a significant discount to what the west is paying which gives them a significant competive advantage. They are developing Russia as a long term low cost and reliable supplier as Putin has insured that Russia has no where else to turn.

Russia:

Russia keeps producing and receives as much for its oil now as it did in the past because the discounted prices that it receives is offset by higher overall prices. Russia is simply shifting its customer base to the east sooner than later.

OPEC:

Saudi and its partners just smile and keep quiet

Losers:

Europe:

Decades of poor planning and arrogance have put Europe in its nervous postion

USA:

While its energy trade is bubbling, the nation is faced with unstoppable inflation while plunging into a recession. Stagflation is grabbing America by the throat.

Canada:

All dressed up and no place to go. Without any leadership, Canada will continue to flounder.