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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 Farmer12on Nov 10, 2021 5:44pm
260 Views
Post# 34112306

Cold wind

Cold windAlmost half of Q4 is in the can. The average price of WTI in Q3 was very roughly around $70 U.S. So far in Q4 the average price, up to now, is very roughly $80 U.S. That $10 U.S. per barrel will in large part go directly to the bottom line. Q4 should be a great quarter for Suncor. Even though a Northern Hemisphere winter looms along with a resumption of air travel, the oil and gas markets are sceptical. This is despite the great prices, increasing employment and signs the world is starting to return to normal. These dips are opportunities to top up or get on the bus. When the weather finally turns colder in NA and northern Europe demand will rise very quickly. The Suncor NCIB should put a floor under the market and soak up a lot of loose shares. Don't worry, be happy. These are the good old days!
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