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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. > Fed Meeting Today - Some Thoughts
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Comment by lifeisgood1010on Feb 01, 2024 9:52am
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Post# 35856815

RE:RE:Fed Meeting Today - Some Thoughts

RE:RE:Fed Meeting Today - Some Thoughts
Once again, great instructive post  Torontojay

Thanks.

This is preliminary news on today's OPEC meeting.This meeting should not be a big
product mover.

WTI is still in it's sideway movement since Nov but it looks like a small upward movement.

This is seen with my big pink glasses.Seriously, i am clueless on the short term direction of oil.

But if Jay is correct, the probability to the down side is a big as on the up side and maybe more to the downside

Maybe we stay like the fed would say sideway for longer.

In any event, i am staying long SU

Tomorrow, we get results from CVX ,XOM and IMO.EPS of the 3 will be down but the crack spreads are still very good in January.


Oil prices edged slightly higher after OPEC+ sources said that the producer group’s meeting on Thursday left production policy changes off its agenda
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