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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 Wynjoeon Mar 04, 2022 7:21am
174 Views
Post# 34482172

$1.91 per liter...

$1.91 per liter...With Russia/Ukraine war driving up oil prices some investors are forgetting what's really going to propel oil prices skywards. This may be slowed down but it cannot be stopped. Investors may think that when and if this war ends oil prices will drop ,but not so,the world is on the eve of witnessing a demand in goods like never before ,and that my friends will come from the final stages of covid,the end of this pandemic. Zero restrictions, no masks,freedom to travel and manufacturing like you never seen before just to replenish dwindling supplies of EVERYTHING!!!Then we live in a world with an aging population that have tons of money and will be seeking out travel destinations like never before due to being locked down for two years. I tryed booking a cruise from Seattle to Alaska for this coming July or August, completely sold out.Suncors petrocan stations are selling gas today in Canada for $1.91 per liter where I live,and Suncor trading below pre pandemic levels, CRAZY. BUY SUNCOR.
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