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. > A Big Reason the Price of Oil is Falling

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Comment by MigraineCallon Jul 14, 2022 9:13am

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Post# 34823567

RE:RE:RE:A Big Reason the Price of Oil is Falling

Yes it is.

I have been tuned into Mark Rosano from Primary Vision for quite a while now for his weekly EIA reports and Frac spread count videos. I also posted the link here a couple times before.

Gasoline supply will grow and and pump prices will drop. Diesel will stay high, and oil should maintain strength. Those importing cheap Russian oil are burning it themselves which allows them to export their own crude and products into pricy markets, doubling their profits both ways.

Demand will soften a bit during a recessionary slowdown, but not too deeply.