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. The Company 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 > FOMC stealing the show today

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Post by MigraineCallon Sep 21, 2022 11:06am

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Post# 34976375

FOMC stealing the show today

Seems the oil inventory report has not made any waves yet today. In fact, at the moment, oil is less now than before Putin's announcement of conscription and potential nuclear threat. Go figure...

Inventory report was neutral, almost negative, if you ignore the fact that it had the gift of 6mm bbls from the SPR. So if you are like the rest of the market and think it is OK to pay your Visa bill with your mastercard, you might even believe it too.

I can't, so I bought some HOU.TO for a trade.

Here's some easy charts explaining where we are at the moment:

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