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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 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

Suncor Energy Inc
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Comment by tcellingon Aug 11, 2018 2:17pm
134 Views
Post# 28444992

RE:Iran

RE:Iran
spike55 wrote: What happens when Iran's oil comes off the market?

Are all the traders afraid of the Trump factor, releasing oil from the reserve etc.

I think the price might pop all at once in real time as it happens. 


We're probably in a slight surplus right now. However, there is in my estimate <1MM bbl/d spare capacity in the world. Furthermore, US growth stagnated early. Venezuela keeps dropping 50k bbl/d monthly. Markets would likely be in balance by year end as is. 

Iran is extra. Any other outages are extra. In all likelihood we could see a 1mm bbl/d deficit by year end and widening. Soon there will be no spare capacity in the world. At that time, a SPR release will actually be positive for crude prices as a signal the deficit can't be filled any other way.
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