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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 mrbbon Feb 13, 2022 9:10pm
162 Views
Post# 34425133

RE:War or no war..wont matter.

RE:War or no war..wont matter. WTI

94.55 +1.45  (+1.56%)


Wynjoe wrote: Whether Russia invades or not ,oil prices will trend higher. We witnessed wti. being traded at negative $37.00.If that can happen (and it did),$200.00 oil and higher, is very possible. Extremes is where money is made and the markets are all about making money. World sentiment has put fossil fuels on the backburner, we all want green. This sentiment is great but unrealistic, even the strongest advocates Jet around the world pounding their message home while hypocritically burning more fossil fuels then those who don't agree, lol. New oil ventures and even existing companies have lost the confidence of financiers ,this in time will create a huge deficit in supply versus demand,(no stopping that).Find an oil company,that already has proven reserves, established and deep roots. Suncor fits this bill.Long term buy and hold.


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