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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 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. The Company 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

Bullboard Posts
Comment by thimsyragon Nov 11, 2011 2:49pm
250 Views
Post# 19230794

RE: su

RE: suI believe the Goldman Sachs commodity index contracts are rolling over this week - ie: pushing their index contracts out into next month....  WTI Traders and specs were probably nervous last week on the Euro fears so probably they left the market or went short - so it was easy to goose oil to $100 this week with specs bearish and Goldman rolling.     I speculated they (Wall Street) would goose oil this week in order to effect a post G20 pump and try to keep the S&P 500 afloat.    Wealthy Europeans and Saudis may also be getting nervous and buying "Oil as Gold" in case the Euro bites it.    In fact, it seems that WTI contracts began acting differently (ie: backwardation etc...) a few weeks ago on the news of the Saudi heir's death........    As to why SU ain't following don't have a clue.. unless its the Keystone overhang.   They took CNQ for a ride, almost to the 200 dma.   Rest of the Canadian oils just floundering around support.     I'd say that after today's holiday trading pump up - it should be a wild ride next week as the options expire.
Bullboard Posts

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