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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 JohnnyDoeon Mar 07, 2022 9:03pm
176 Views
Post# 34493354

RE:RE:What amazes me

RE:RE:What amazes me
Clemxb7 wrote: If you want to understand why the US dollar is strong right now it's partially a flight to safety and also demand for USD from countries who has debt denominated in USD. It's a function of USD still being the reserve currency. (For now) It's all good for Suncor who operates in $CAD. They are probably getting around $150 CAD for their SCO which most likely a record price by far. Suncor has less shares out, is producing way more oil in a way more efficient way than at any time. They have totally digested the take over of Canadian Oil Sands. Plus they have a 30 year non depleting resource in a place where there is literally a unlimited supply of oil sands in the communist Republic of Canadastan. (Sarc) It just all good. We just have wait for the market to figure out that in today's world SU is worth $100 CAD.

I think Canahkastan has a better ring to it
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