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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

Post by Clemxb7on Feb 15, 2021 9:37am
339 Views
Post# 32567654

Oil is at $60+ BTW Suncor sells oil 846 K per day

Oil is at $60+ BTW Suncor sells oil 846 K per daySU's current price of <$23 (Toronto) is a ridiculous joke. 

In 2020 oil averaged <$40 now almost at $61.

BTW Suncor sells oil.  

Rough calculation = 846k x $20 USD ($60 - $40) = 846k x 20 x 1.25 (exchange rate) =
$21,150,000 daily revenue increase over last year.

90 (days in a quarter) x ~$2 billion (CAD) revenue increase for the quarter. THAT IS HUGE!!!!!!

This extra cash will almost completely go to the bottom line as Suncor’s costs don’t go up much
as the oil price increases same as most resource companies.

Oil powers the world we live in – whether you like it or not.

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