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Bullboard - Stock Discussion Forum
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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TSX:SU - Post Discussion
Suncor Energy Inc.
> Q2 Shale CEOs: shale not increasing output (Bloomberg)
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•••
Clemxb7
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Post by
Clemxb7
on Aug 06, 2022 3:44pm
Q2 Shale CEOs: shale not increasing output (Bloomberg)
Here a good bloomberg story about shale production.
https://www.bloomberg.com/news/articles/2022-08-06/shale-drillers-are-holding-firm-on-output-as-oilfield-costs-rise?sref=866aH6XX
You can view bloomberg articles without subscription by selecting incognito mode (chrome).
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Davesnothere
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Comment by
Davesnothere
on Aug 06, 2022 8:48pm
Thanks Clem, clearly, nobody knows what the future holds. Shale drillers not in a gambling mood these days.
(96)
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Clemxb7
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Comment by
Clemxb7
on Aug 07, 2022 1:13pm
It could be going forward shale sets the floor for WTI price. From ~2012 to Covid shale companies were working like some communist collective where the idea is maximum production with no regard to profitability. They managed to keep the price of oil low by burning through investor's cash to keep the oil flowing. A lot of shale investors got burnt badly by this undisciplined behavior. People
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