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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 cantstandcash1on May 09, 2021 10:43am
448 Views
Post# 33161680

RE:RE:Good Bye Line 5

RE:RE:Good Bye Line 5Thats pretty naive thinking. it will take all summer to work out the logistics to replace those lost barrels. As an Albertan I'm torn. Part of me is gleeful that maybe Eastern Canada will experience some hardship and maybe wakeup to the importance of Alberta's oil industry. Michigan is only looking after its best interests just like Quebec does. Shame on this country for blocking energy East pipeline. Unfortunately those barrels of Oil on line 5 come from the prairies and the industry will once again suffer if line5 gets shut down. no egress means less production.

My bet is that it doesnt get shut down though. its all political postering. the tunnel project will resolve all fears except from the biggest fanatics. either way markets hate uncertainty and this next week should be rocky. will be buying SU on the dips myself. 
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