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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 liljohnnyjokeon Feb 04, 2022 11:33am
151 Views
Post# 34397782

Recipe for Recession

Recipe for RecessionLooks like oil will be above $100/bbl when they start the rate hikes in March. They may start with .25 increase but will then have to do a series of 0.50 increases to make up for lost time when they denied there was any inflation. So as oil marches to $150/bbl rates will march to at least 2% by year end so all of the free money will be gone. This will be like a parent letting go of baby's arms while learning to walk, baby will fall down many times before being to walk on its own. So maybe you want to get out of the kitchen and go to the tv room with cash and wait til the market has fallen to pre pandemic levels. There was suppose to be a economic boom when the pandemic ended, but thats not happening. Just resigning oureselves to an endemic that will have a couple of very bad waves a year that require some degree of lockdown.
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