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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

Comment by Clemxb7on Jun 24, 2022 11:35am
169 Views
Post# 34780441

RE:Truse in Ukraine

RE:Truse in Ukraine These rumours in the marketplace are just well placed bs to manipulate prices.

Even with a truce and even peace nobody will trust Russia. 

I believe Russian production was actually up in May. One way or the other all that oil found a way to the end consumer.

The Russians are transferring cargos in the middle of the ocean. They ship diesel to an Opec country and then that country can ship its own diesel to other markets. Thus the game is played.

So I wonder if all Russian oil is already in the market one way or the other if there is a truce what’s that gonna do to help the total lack of OPEC spare capacity? What about the record deficits in oil storage worldwide? What if the Houthi successfully manage to finally blow-up a refinery with drones? I would argue none of this is really yet priced in.

Even if there is a recession remember OPEC was very disciplined in 20-21. They finally figured out you get more money with less work if you have a higher price.

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