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

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Comment by mrbbon May 23, 2022 7:25pm

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Post# 34702588

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

last time SU cracked $50 a share was back in August 2018 when oil was hovering $65-74 /bbl and crackspread no where near today. Even at $50 SU is still cheap today. Let the institutions sell SU because of ESG, there are still window of opportunity for smart money and value investor to add SU now

Obscure1 wrote: 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.