Post by
Cheadle12 on Jun 11, 2021 12:21am
Suncor has to buy Nat Gas
on the open Market.. $3+ AECO.. their costs go up.
They should have picked up a Painted Pony for Nat Gas supply for the cogen project and their base plant power requirements.
Too late Suncor, now you pay higher nat gas prices which increases your costs.
Always a bit late to the party this name. CNQ is much better and it shows in the stock price.
Comment by
NPCexe on Jun 11, 2021 12:28am
Meh, it had its run and now it's been underperforming just like SU. There's no room to grow in that swamp of a stock. You can pump cnq all you want, it's staying where it's at.
Comment by
liljohnnyjoke on Jun 11, 2021 11:14am
increased NG and other costs likely to be the reasons for not increasing the divy when they report q2, especially if oil price has pulled back can they get anything for their Terra Nova stake now? Exxon Chevron and Equinor just walking away
Comment by
ilvmyt5s on Jun 11, 2021 12:43pm
SU should buy all these distress assets and mothball them all. It would really help their Emissions targets and they can write it all off and gain the tax benefit. It would take a lot of oil off the market making the industry more efficient.