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. > Reminder: EIA oil inventory report today 11AM EST

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Comment by Bigbear7405on Jul 07, 2022 12:21pm

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Post# 34808649

RE:RE:Reminder: EIA oil inventory report today 11AM EST

Where would we be without the spr draw downs.

MigraineCall wrote: And here it is.
A big commercial headline build, but again, an overall net draw.

US petroleum inventories (crude, oil products, SPR) fell by 714kb w/w to 1,677.795mb last week - EIA

EIA (wk ending 1 July)
Crude: 8.235M
Cushing: 0.069M
Gasoline: -2.497M
Distillates: -1.266M

US crude inventories rose by 2.394mb last week (commercial +8.234mb, SPR -5.840mb) - EIA

MigraineCall wrote: Watch your screens today for stock price movment as oil inventory results are released to day at 11AM EST.

July 4 was a holiday, so results are delayed 24.5 hours.

Lots of eyes on this. Bears are expecting demand destruction. If they get anything other than a build, they will be proved wrong, and run to cover short positions.