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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

Comment by Speedyon Dec 06, 2020 9:03am
275 Views
Post# 32045683

RE:RE:RE:RE:Looks like a buy again to me

RE:RE:RE:RE:Looks like a buy again to me

I think we have a good idea of what Canada gets paid from the US for their crude. I would really like to know what Canada is forced to pay on the import per barrel. 

I understand if Canada is making money by dispensing the majority of their crude to the US for whatever the US feels like paying Canada at the time, if Canada is able to replenish with other sources as stated for much less. 

But if Canada is forced to ship their crude to the US and then have to turn around and purchase from other countries for additional, the PM should be hung. 

I just can't see how importing from the UK and Middle East can be lucrative for Canada after dollars are exchanged and shipping incurred. 

Canada makes more than enough crude to self sustain, and would spur their economy if proper refineries were built. There is no reason for Canada to import any oil ever. This should actually be banned. 

There is no other leader in the world that would let their country be decimated like this. Sad to see and sad to see how people voted for that leader. 

Maybe it's coming down to he's the best of the worst as almost all politicians are basically an arts or political science degree at best with no real skills, they polish their vocabulary and hairstyle, throw on a turtle neck and hit the world pretending to be of worth but really have no skills and serve no purpose, 
I am not sure you had to attend class to graduate from either of those. But here they are running out countries into the ground for us. 

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