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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 patricia123on Jun 30, 2016 7:04am
294 Views
Post# 25011343

Laying the cards on the table

Laying the cards on the table
The biggest thing holding suncor back is the certainty, that they are going to purchase more beaten down oil companies .While this should be great in the long run It leaves investors with a huge case of the jitters.Oil price will play the key role and unfortunately I think we may be heading for a retest of some lows.With Brexit woes and Iran saying they can sell oil for seven dollars a barrel and oil rig count having gone up in the u.s. when we surpassed $50. oil.Its anybodys guess!!!Goodluck.
Bullboard Posts