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Suncor Energy Inc T.SU

Alternate Symbol(s):  SU

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 production; petroleum refining in Canada and the United States; and the Company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging electric vehicle (EV) stations). The Company is developing petroleum resources while advancing the transition to a lower-emissions future through investments in lower-emissions intensity power, renewable feedstock fuels and projects targeting emissions intensity. The Company also conducts energy trading activities focused primarily on the marketing and trading of crude oil, natural gas, byproducts, refined products and power. It also wholly owns the Fort Hills Project, which is located in Alberta's Athabasca region.


TSX:SU - Post by User

Bullboard Posts
Post by badactoron Oct 06, 2011 2:57pm
371 Views
Post# 19126799

The Traders

The Traders have control of the markets at this time. Until SU's SP returns to around the $35-$36 range expect a lot of trades because lets not forget SU's broker is also trying to snag these cheap shares. Once the SP reaches the above mentioned range it will mean the long investors have most likely wresteled the shares back into strong hands & will hold until $50 or above is reached. No I'm not kidding or crazy $50 or more will come within 18 months IMO.
Bullboard Posts