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.

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Post by MigraineCallon Feb 10, 2023 2:11pm

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Post# 35280253

Rig count up by 2, Frac Spreads drop by 8

LOL. The headline by Oilprice.com is a bit misleading. It implies more activity and production will come online from rising prices.

Total US Rig counts were up by merely 2 to 761 rigs, while the more important Frac Spread count dropped by another 10 to 270.

Oil rigs were up by 10, putting the oil count at the same as 2 weeks ago, and we lost 8 gas rigs.

https://oilprice.com/Energy/Energy-General/US-Oil-Drilling-Activity-Picks-Up-Amid-Rising-Crude-Prices.html

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