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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 > I wonder what Petrocan would fetch?
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Comment by Oldnaggeron Jul 18, 2022 11:03am
171 Views
Post# 34831323

RE:RE:I wonder what Petrocan would fetch?

RE:RE:I wonder what Petrocan would fetch?
Eigen337 wrote:
IF they SELL, they will ONLY BE SELLING the DOWNSTREAM part of Petro-Canada; i.e., the Petro-Canada RETAIL SERVICE STATIONS with possibly (???)  some DISTRIBUTION and STORAGE {local tank farms} !!!???!!!

I do NOT 'see' SU DISPOSING of ANY REFINERIES !!!???!!!

This is my opinion only.

Eigen337

From my own experience, divorcing retail from refining would be a disaster. The retail portion would have separate needs from the refineries and would make forward planning very difficult.The separation may work in the states where there are many players, but here in Canada there would be extensive manipulation especially as sharp operators from elsewhere move in to trade the enormous incongruities !!
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