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. > TMX likely to send more Canadian oil to US, not Asia

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Post by MigraineCallon Jul 04, 2023 7:35am

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Post# 35525435

TMX likely to send more Canadian oil to US, not Asia

This is OK, and a non issue.

It will be sold at global market prices, and PADD5 is a market that Canada presently does not serve that well.

The USGC refiiners will still be at a loss as this source of Canadian crude is displaced.

https://www.reuters.com/business/energy/trans-mountain-pipeline-expansion-likely-send-more-canadian-oil-us-not-asia-2023-07-04/

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