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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

Post by Wynjoeon Jan 12, 2021 8:25am
261 Views
Post# 32274212

Because of unprecedented covid...

Because of unprecedented covid...Bankruptcys in the oil and gas sectors....financial institutions will be a long time lending money to new oil ventures,you couple this with oil mega projects that have been either ,mothballed or put on hold indefinitely,and we have the perfect recipe for an unprecedented,oil price increase!!!The saudis and Russians will take full advantage of this to add to their dwindling cash reserves in (any) way they can,and this can be done in many ways.With the devaluation of world currencies,a commodity like oil is where you will want to be invested,we must have food and shelter.With millions being vaccinated worldwide each day,goverments have no reason not to let vaccinated individuals travel,(another reason why i think, normal ,will return quicker to air travel,and our lives, then many now believe.)If you have a vacination certificate,why would you not be allowed to travel to your favourite resort?At todays oil prices,Suncor is churning out cash....STRONG BUY!!!!
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