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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.


TSX:SU - Post by User

Suncor Energy Inc > The Oil price change today
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Post by MaximusGainuson Mar 09, 2022 4:08pm
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Post# 34500790

The Oil price change today

The Oil price change todayI'll tell you exactly what happened.

It dropped to open up a humanitarian corridor so the last remaining bears could get out.

-War is still on.
-about 4m bbls of Russian crude is off the market. (Affects the US starting in May!)
-Inventories dropping.
-Demand increasing
-Iran deal is priced in.
-Venezuela's oil infrastructure is in disrepair.
-The last buffer of additional production capacity UAE, Saudi, and Kuwait capacity of 1.5m bbls if it comes online won't make a dent.
-SPR is draining quickly
-Saudis won't even pick up the phone ignoring Biden

We all know where this is heading long term:   Higher!


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