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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... see more

TSX:SU - Post Discussion

Suncor Energy Inc > China Mobility Indicators Soaring
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Post by MigraineCall on Feb 09, 2023 2:51am

China Mobility Indicators Soaring

Seems China is back. We have confirmaion that mobility indicators are soaring. According to most analysts, this has been the single biggest factor holding back oil prices. Low oil prices were forecast to be  expected during the first half of 2023, then they were projected to start to ramp up in the second half. The market is forward looking, and may jump sooner than expected as it has the last few days. 

Let the games begin...

https://twitter.com/JavierBlas/status/1623579479649005569

CHART OF THE DAY: Mobility indicators in China are soaring. Take the number of passengers using the metro in Beijing, which yesterday rose to 1-year high of nearly 1 million. Anecdotal data on traffic jams point to much higher gasoline demand.

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Comment by whereshunter on Feb 09, 2023 6:33am
i just got back from thailand. crazy busy with tourists from china, russia, japan. they were spending like there is no tomorrow
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