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.

TSX:SU - Post by User

Suncor Energy Inc. > Dropping like a stone today.

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Comment by MigraineCallon Feb 03, 2023 10:58am

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Post# 35264800

RE:RE:Dropping like a stone today.

Sold 2M$ of CNQ, CVE, IMO, and SU on US side, for +2% net gain.
Waiting for reentry.
Watching NG names, still too high given falling NG prices.

MigraineCall wrote: Profits in energy moving into NQ on a rip, now up 4%.
Use XLE as your leading indicator.

CNQ, CVE, IMO, SU, all beat down nicely while crude stays relatively flat.
US$ strength dropped gold and US listed Canadian oils.
Volumes very low.
No news.

Buying 2M$ more today of the above on the US side near or before close as it turns, perhaps right now before the hour.

mbuch wrote:
Seems worse than the rest of the sector.

Bad earnings coming up???

Or is it just good old SU?