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 > Amrita Sen and Eric Nuttall: How a Recession impacts oil

<< Previous

Bullboard Posts

Next >>

Comment by Experiencedon Jun 27, 2022 10:37pm

218 Views

Post# 34786297

RE:RE:RE:Amrita Sen and Eric Nuttall: How a Recession impacts oil

Clemxb7 wrote: It is the existential question hold or sell Suncor during what looks like an oncoming recession?

It seems to me the key is the price of WTI. Suncor was going up during one week where the S&P tanked though oil was going up.

When oil weakened Suncor started to sell hard.

People look at Suncor as a WTI day trading vehicle. Up and down with the price of WTI. As oil has increased over the last 24 months so has Suncor.

The wild card? Suncor is no longer that company that has been ping ponging between $25 and $55 for the last 15 years. It has improved dramatically. The numbers are really getting huge. In a recession does Suncor sell off to $24 when the earning are $12? It might. The dividend is not in peril unless of course WTI really tanks.

That said I agree Suncor might sell off hard if the S&P tanks. Keep your eye on the oil market. It’s a tough question.

My personal belief is the oil market might really blast off soon because of the instability in the world. VLAD can punish NATO by making the west pay outrageous prices for energy. That trick will work best in the winter. Inflation protestors (and probably a few Russian agents) are blockading Ecuador’s Oil infrastructure threating 750k/day. Libya is a complete mess. Oil report delayed? Suspicious.Yada yada what’s up next?