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.

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Suncor Energy Inc > Suncor 4th quarter!!

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Comment by Chris007on Feb 03, 2021 8:06pm

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Post# 32466467

RE:RE:RE:Suncor 4th quarter!!

Like I said, outlook going forward is very positive. The oil market has seen a drastic improvement since Dec 31, 2020.

For Q4, avg. WTI was 42.65, with a 9.30 differential for WCS...

WTI is now in the mid 50s (though WCS differentials have widened a bit).

Q4 wasn't good, but I don't know if anyone will particularly care at this point, with the way the market conditions are improving

prophetoffacts wrote: Production outlook for 2021 is unchanged at 760,000 bpd.
Very strong refinery utilization.
Strong cost reduction.
WTI is US$10 higher now. Plus that into your models!