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 > BOC Rate Hikes

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Comment by mrbbon Jan 26, 2022 6:31pm

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Post# 34364537

RE:RE:RE:RE:RE:BOC Rate Hikes

Look like fed/BOC intentions and words alone are enough to hurt the market. They still have ~1.5 months to absorb the economic data. I think couple of token rate hike is what the fed/BOC can afford. Right now the scarecrow is working

Volkomm wrote: I think the Fed and BOC is quite aware that raising rates will crush the government and housing sector. At least in Canada housing is a significant driver of the economy. Everything is awash in debt. Even small rises will hurt significantly.

Wouldn't surprise me if they indend to let inflation run hot for awhile to inflate the dollar to make the debt not as significant.

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