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 > Will the TSX ignore the SU move in the States today as usual

<< Previous

Bullboard Posts

Next >>

Post by Obscure1on May 23, 2022 7:10pm

336 Views

Post# 34702573

Will the TSX ignore the SU move in the States today as usual

SU closed today at US$39.42, up 3.52%. When the US/Cdn exchange rate is factored in, the SU close is equivalent to Cdn$50.40

The TSX will probably ignore the upward movement on the NYSE board today as usual.

I can't be sure why this pattern keep recurring, but I suspect that the US brokers don't SHORT in the States because the US actually has rules about shorting that are enforced. Canada, not so much.

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”