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 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.

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Suncor Energy Inc > You all are missing the point

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Comment by topdown99on Feb 05, 2021 9:44pm

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RE:RE:You all are missing the point

Every barrel from Syncrude is SSB and it receives a premium to WTI , I believe they produce about 400,000 brl/day . The world needs $60/brl and production has responded to support that price . Suncor's assets will be working for decades to come and regardless of what some people say , the world will continue to used oil and gas . This is still a great long term hold and at this price , its a steal .

prophetoffacts wrote: "WTI is holding $57/brl , thats all that you really need to look at ."

That's not the prices being paid in the future on the future's curve. Prices being paid for May 2022 are back around $50 and longer term the price is significantly below $50 as shown in the link. There's just some short-term pricing pressure as the world recovers from COVID because of the vaccine and due to the stimulus.

WTI Financial Futures Quotes - CME Group