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 > My opinion on Suncor and the Oil market

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Comment by ultravires88on May 09, 2022 12:40am

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Post# 34665935

RE:RE:RE:My opinion on Suncor and the Oil market

I agree if a recession were to happen (not until the 1st quarter of next year at the earliest), the price of a barrel of oil will be in the $85-120 range. Nevertheless, a recession will lessen demand at their Petro Canada gas stations due to consumers finding ways to save and reduce their spending. Not sure how much revenue is contributed to their overall profit from their retail operation. I can't see more than 15%. Anybody know the actual figure?

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