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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.


TSX:SU - Post by User

Suncor Energy Inc > SPR release backfires
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Comment by Experiencedon Nov 23, 2021 3:00pm
159 Views
Post# 34158391

RE:RE:SPR release backfires

RE:RE:SPR release backfires
Oldnagger wrote: Lending oil out now and taking it back later will flatten the backwardation curve. It will have very little effect on the evaluation of Crude Producers. The share price of those producers may be another matter. Of course , if OPEC+ reacts that will be a net positive as I doubt they will make up for the unsold barrels later !! Biden's move may work short term , but I think Opec's memory will last longer than his !!
LOL - Good One!!!!

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