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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 Experiencedon Mar 30, 2022 8:48am
253 Views
Post# 34558277

Enjoying My Popcorn Watching the Movie

Enjoying My Popcorn Watching the MovieWatching all the day to day games being played internationally in the fallout from the Russian Invasion of Ukraine has been fascinating and I have been enjoying my popcorn - none of this is to diminsh the plight of the Ukrainians who I have supported financially both personally and through fundraising (running total approaching $10,000).

The latest is quite interesting to me.  The Russians are now demanding that the Germans pay for their natural gas in roubles as opposed to US dollars.  The Germans say that this development could trigger a natural gas emergency.  The question then becomes "Where does Germany get the roubles to pay for the gas?"....and more importantly - what exchange rate will they have to pay to convert their euros to roubles since essentially the only place they can buy roubles is from the Russians.  

Interesting to say the least!!
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