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 > Crack spread at new all time high

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Comment by lifeisgood1010on Mar 04, 2022 11:27am

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Post# 34483344

RE:Crack spread at new all time high

Forgot to mention, the crack just crossed tje $44 at $44.24.

Will it stay at these record high, i doubt it but for everyday that it does, suncor as more
flexibility to reduced debt, buy back shares and increase the dividend.

The refining marging could drop by half and would still be highly profitable

I don't think all investors are taking the mesure of how high the downstream business is
for Suncor right now

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Rig Count Soars as Utilization Surpasses Industry Averages