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 > EIA: Another Net Draw. Bullish

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Comment by Clemxb7on Jul 20, 2022 12:43pm

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Post# 34837502

RE:EIA: Another Net Draw. Bullish

SPR still elephant in room.

Other bullish factors in this release:

Imports averaged 6.5 m / day Expoprts 3.75 M / day
Lower 48 now pumping 200k less than 2 weeks ago (this is where the SPR deficit is supposed to made up)
Net draw when including SPR (remarkably bullish given imports above)

SPR releases will end on November 9 (election day). Can the lower 48 increase output by the million / day needed by then?

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