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 > Winners and losers

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Comment by firstworldon May 25, 2022 12:43pm

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Post# 34706634

RE:RE:Winners and losers

Perfectly stated.

Experienced wrote:
Obscure1 wrote: Winners:

China and India:

They are buying oil at a significant discount to what the west is paying which gives them a significant competive advantage. They are developing Russia as a long term low cost and reliable supplier as Putin has insured that Russia has no where else to turn.

Russia:

Russia keeps producing and receives as much for its oil now as it did in the past because the discounted prices that it receives is offset by higher overall prices. Russia is simply shifting its customer base to the east sooner than later.

OPEC:

Saudi and its partners just smile and keep quiet

Losers:

Europe:

Decades of poor planning and arrogance have put Europe in its nervous postion

USA:

While its energy trade is bubbling, the nation is faced with unstoppable inflation while plunging into a recession. Stagflation is grabbing America by the throat.

Canada:

All dressed up and no place to go. Without any leadership, Canada will continue to flounder.

Nice Summary