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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 PabloLafortuneon Sep 04, 2022 3:32pm
300 Views
Post# 34940951

RE:Nuttal

RE:NuttalNuttall makes a good point.  He started off refering to the US LNG 12BCF which is 8x what Shell's LNG Canada phase I will produce. Which is less than 1% of worldwide non renewable energy consumption.  I'm guessing the cost to extract NG is around $15 per BOE, prices around the world of course are much higher than this.  But he vastly underestimates the tax revenue potential. Norway which produces approximately 2M BOE of oil per day and approximately 2M BOE of NG per day, will cashflow 933B Kroner or C$122B in 2022 from their oil and gas industry.

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