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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 Experiencedon Jan 24, 2022 1:05pm
193 Views
Post# 34353726

RE:RE:RE:Interesting Energy Market

RE:RE:RE:Interesting Energy Market
topdown99 wrote: Today makes no sense at all , selling seems to be running out of gas . The usual lunch time pressure is expected but I figure to back the truck up at 12:15-12:20 . Results in a week and shorts will need to cover . 
My sense is that the "Grownups" have been punping the market so they can sell and ae now taking the market down to reload.  The question is how low do they plan to take it before they buy back and start pumpin gthe market again with words like "the market over reacted to the Ukraine situation"...or...:the Ukraine situation will not affect profits of US companies".  Another key indicator will be around 2PM, that's when the Fed Open Market Committee places its orders with its brokers.  This gives the big advance notice to the big banks of what do as they "front run" their buys or sells for the Fed.  This is why one often sees a big change in the market for the last two hours of trading.  I usually take this as a cue as to what to do (if anything).  Better to follow the big boys than fight them and get killed..lol

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