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

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Post by Oldnaggeron Sep 14, 2021 3:33pm

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Post# 33856183

Drilling Productivity Report

Now out at Eia.gov
New well rig production per rig for oil is up by 9 bpd
total production up by 66 kbpd
Duc's down by 248
So US production is growing but rig productivity is essentially flat and the number of economically viable DUC's is slowly coming to a close'
So we shouldn't rely on the US to supply too many extra barels any time soon.
Covid is coming down and renewables are a long way off. Time to relax and enjoy the rising cash flows that are surely coming !!

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